SOXS just gave back 77% of its 131% spike.

SOXS spiked 131% off its all-time low and has now given back 77% of that move.

• the all-time-low was $31.70 on Jun 30, 2026.
• the peak $73.30 on Jul 29, 2026 (20 sessions after the ATL).
• and the pullback reached 77% on Aug 5, 2026 (5 sessions after the peak).

This has happened 5 times before, and each of those 5 instances obviously ended the same way: a new all-time low. The only variables have been the time required to reach that low and the size of the bounces along the way.

6 occurrences since 2010 (1 still ongoing)

The path to new all time lows is not a straight line

Across the 6 cycles the ETF produced an average of 3.5 bounces of 10% or more after giving back 77%. The median size of the largest bounce was 61.5%. These bounces are measured from new lower lows in each cycle so each one is a distinct bounce rather than a continuation of the same move.

The cycle that began at the January 4, 2022 all-time low is the extreme case. It gave back 77% of the spike on July 21, 2022, then bounced seven separate times, and the largest of those reached 168.9% before it finally made a new all-time low.

The cycle that began at the February 19, 2020 all-time low is the opposite extreme. It gave back 77% of the spike on March 24, 2020, and a new low arrived only 2 sessions later, interrupted by a single 23% bounce.

Where the current cycle stands

SOXS gave back 77% of its 131% spike on August 5, 2026. 3 sessions have passed and it has bounced at least 10% twice so far, the larger of them 18.5%.