SOXX (PHLX SOX Semicoductor ETF) has hit my initial price target (yellow uptrend line) that was first posted back on November 17th right around the time the SOXX was printing a fresh new all-time high. As such, a reaction off this initial tag of that trendline from above is likely. Should SOXX break below the TL after this likely bounce, my next target would align with the bear flag measured target as that is also price support. Previous & updated 60-minute charts: