Semiconductor ETF analysis of the SMH signals it is nearing is maximum move level at $145.25. Technical analysis shows this as the likely maximum upside level in the near-term before a major pull back of at least 10%. The current price of the SMH is $142.35. I will be looking to buy a significant position in puts and short the SMH here for a 10% correction. Classic swing trade setup.

(Click on image to enlarge)