The Next Battle Setting Up

The top two components in the SMH, ETF for the semiconductors, are INTC and TSM. TSM has been holding up remarkably well, but INTC, seen on the first daily chart, below, is busting down through a well-defined support level (lower light blue line). If I start to see TSM crack a bit, SOXS is on my radar as a long idea. SOXS is the triple-short semiconductor sector ETF. On the second chart, note the potential bottoming formation setting up with a move over $15.50 likely bringing in a deep semi sell-off.