I said in the earlier post that "as long as SOXX is above 216, this small 5 wave structure is intact". This is because for this small 5 wave structure to stay valid, the Fibanacci retracement can not go beyond 216 (too much details so I will not explain why).
If SOXX for some reason does go below 216, we know that SOXX is actually NOT in the yellow wave 5 uptrend, but instead yellow wave 4 has not ended. When that happens, we will need to coonsider selling all SOXX stock and wait for wave 4 to go much deeper. Coincidentally, 216 is also close to 200D EMA, so that is another reason to sell if we go below there
Until then, sleep well, treat everything as noise and enjoy the ride
