The SOXX (semiconductor ETF) swing short trade has broken below the primary uptrend line with T2 now revised from just above the 397.33 support to a target zone of ~397.33-391. Previously, the second price target was to be the first drop to either the uptrend or the ~391ish support. However, while the bearish case for this trade is now even better than it was when SOXX broke down below the previous uptrend line/wedge to trigger the initial sell signal back on Feb 10th (and quickly hitting the first price target from there), the semis have taken longer than expected to roll over and as such, the primary (white) uptrend line off the Oct lows now comes in above the 397ish price support which it was below back on the initial short entry. Updated daily chart below.
SOXX daily April 21st