The above chart is the semi holders. on a montly basis. Please notice the 3 shooting stars. They often represent exhaustion moves and are a precurser to a move lower. For those inclined to heed warnings, well, this is your 3rd. Consider yourself warned.
The next chart (above) is of the semi holders on the weekly. Notice the 2nd shooting star also coincided with a kiss on the underside of the previous up trend line. Almost poetic. The 40 week ma is under assault as well.
The last chart (above) is the semi holders on a daily basis. As you can see the green up trend line is being violated today as I write. A close below it would be not be helpful if you are a bull on it. The 50 has been smashed and the 200 is toast.
Last but not least, we are in a bear market. DO NOT BUY THE DIPS ! Rallies are to be sold. Good trading to you.