NASDAQ:SOX   Philadelphia Semiconductor Index
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I'll post the Daily chart which paints a similar picture. Overall strength is waning, and bearish formation are developing in both weekly and daily charts .

Nothing is confirmed yet by price action, however this article by Ed Carlson points to the SOX/ SPX ratio and it's already broken it's H&S pattern as well.

http://www.traderplanet.com/commentaries...

Worth keeping an eye on.

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