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qqq spy soxl soxs soxx compare volume drops bottoms crash washout space x ipo

$QQQ $SPY $SOXL $SOXS $SOXX Compare June 5th, 2026 (Friday) to October 10th, 2025 (Friday). They're quite similar in volume and drop. Looking at the daily and 4-hour charts for SOXX, most high-volume red days over the past few years have turned out to be local or long-term bottoms. That's why I sold all my SOXS on Friday and bought SOXL. This isn't how a major crash starts—it's how a washout happens. That's why I'm betting on a 2022-style crash later. Some signs include SOXX and SOXL hitting support levels. SOXS also seems to be forming a cup and handle pattern. I expect next week to be very positive. This is a good buying opportunity set up for the SpaceX IPO this coming Friday. We might see more drops later, but I don't expect a drop next week.
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