Friday's $SMH move is impressive, pumped by $INTC earnings beat and a reversal of the sentiment since $TXN disappointment. Though the cloud is not yet cleared out, the year-long trend line cut right through Friday's close, and if $SMH can't stay above 127 on Monday, it's gonna pull back to the 121 area before moving back up again. The trend lines are closing in, and there isn't much time left for $SMH to clear out the ceiling. Outlook not so good at this point.