The semiconductor sector index SOX is trading in a neutral zone bounded by key resistance at 10,500-11,000 points and support at 8,500-8,000 points. Until the index breaks out of this zone, its movements, even violent ones, should be viewed as noise. The resistance marks the end of a six-month period of strength that concluded in October, while the support corresponds to a two-month stretch of seller control that ended in early April.
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