# SOXX Downtrend Continues

> SOXX index shows signs of continued decline after breaking key trendline.
- Title: SOXX Downtrend Continues · TradingView | Shortify
- Summary: SOXX index shows signs of continued decline after breaking key trendline. SOXX index is in a downtrend with price testing 200-day SMA and positive RSI…
- Keywords: nasdaq:soxx, technical analysis, downtrend, rsi indicator, 200 day sma, fibonacci retracement, business, finance, SOXX, Continues, TradingView
- Source: TradingView — https://tradingview.com/chart/SOXX/sHyMS3GW-SOXX-is-in-a-downtrend
- Published: 2026-10-31T09:54:29+00:00
- Read time: 1 min
- Topics: nasdaq:soxx, technical analysis, downtrend, rsi indicator, 200 day sma, fibonacci retracement, business, finance
## SOXX Downtrend
SOXX is in a downtrend for NASDAQ:SOXX by Supergalactic.
## Trendline Broken
The major trendline is broken but price is testing 200 day sma.
## RSI Divergence
Positive daily divergence on rsi indicator with double positive divergence.
## Key takeaway

SOXX index is in a downtrend with price testing 200-day SMA and positive RSI divergence.