SOX resistance/support 10,500–11,000 · 8,000–8,500… MarketWatch outlook

The Philadelphia Semiconductor Index (SOX) has been range-bound between technical resistance at 10,500–11,000 and support at 8,000–8,500, with MarketWatch noting that recent volatility has not altered the chart outlook. The index fell 12.2% in a single day last week before rebounding 11.3% over the following two sessions, and on the 10th it swung between a 1.6% gain and a 2.4% decline intraday. MarketWatch said historical price levels remain the key reference until the index approaches either the upper resistance or lower support band. The wide swings underscore how fragile semiconductor sentiment is after the sharp selloff and rebound. What matters next is whether SOX can push toward the 10,500–11,000 resistance or tests the 8,000–8,500 support, which would signal a more decisive directional break.