The chart below is a daily time-frame chart of the iShares Semiconductor ETF (Ticker: SOXX) and stock behavior bias forecast into September 2026.
The semiconductors industry nested within the technology sector has been driving the market higher since March.
The red wave forecast shown is a composite of the operative, long term cycles in SOXX and the semiconductors industry.
The Blue Wave forecast overlaid on the chart carries with it a 90% probability and is in agreement with the red wave forecast.
Chart expands upon click.