The bearish rising wedges on the semiconductor sector ETFs, confirmed with clear negative divergences are still very much intact. The yellow lines on the charts of the 3 big semiconductor ETFs; SMH, XSD & SOXX, are minor uptrend lines, each likely to spark a sell-off if/when broken. The white primary uptrend lines are much more significant support levels which define the bottom of the large bearish rising wedge patterns. A break below those wedges/primary uptrend lines are likely to bring these semiconductors sector down to any of all of the price targets shown on these charts (green targets being the high-probability swing targets at this time.


@natdicarlo