This is a chart of SOXL which is sensitive to momentum and sentiment around semiconductor shares. It is flashing a warning. The blue line for the shorter term moving average has clearly turned down which does not happen very often and has signalled further weakness ahead in the past.
10 Year US Bond Yields Firmly Through Four Per Cent
Another chart which could contribute to downside pressure on share prices is the chart for US 10 year government bond yields.
