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SOX Weekly Looking Weak

INDEX:SOX   PHLX Semiconductor Index
142 0 0
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/view/161787-sox-spx-ratio-points-to-big-stock-market-drop/

Worth keeping an eye on.
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