IGV-style base breakout could spark next momentum leg.
(speculative) SOCL is setting up like IGV’s earlier base breakout, creating a plausible next rotation momentum candidate.
SOCL broke out from a multi-month bottoming formation about a month ago and is showing higher-low structure. The link to the SMH-led rally is the main reason to watch, though it’s still more “watch for follow-through” than confirmed trend change.
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