As you can see, we are way above the mean. RSI has been OB for too long on the weekly chart... it is time for a retracement. I am not in trade yet, waiting a couple more days for confirmation.
Semiconductors have defied the gravity for sure! They act similar to IBB just before it rolled over. For now, it is consolidating above a major trendline. Probably another move up!
Entered my 1st pos short via $SOXS - One of the hottest sectors this year since the Feb 2016 lows.