AXT down 8%. Marvell, Astera, Applied Opto down 5%. Coherent, Ciena, Lumentum down 4%. Broadcom off 2%.
That's the entire optical chain, in order of how far out the cash flows sit.
This isn't a sector story. It's a rates story with a semiconductor logo on it.
When a September hike is a coin flip, the first thing to get sold is anything priced on 2028 earnings. Optical is priced on 2028 earnings.
Notice Broadcom is the least bad. Biggest balance sheet, nearest cash flows. Same pattern as the Dow ...
Everyone is staring at the range, but the 4h clock is ticking on $SKHYNIX /USDT.
$SKHYNIX - 🟢 LONG · Conf 69%
Trade Plan:
Entry: 1213.81266 – 1217.44734
SL: 1181.15157
TP1: 1241.48882
TP2: 1258.72804
TP3: 1284.58686
Why this setup?
Debate:
Click here to view the chart 👇️
{future}(SKHYNIXUSDT)
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