Semiconductor sector got smashed on Friday. SOXX wiped out 5.64% in a single day, dropping straight from 625 to 589. An 11M high-volume red candle—someone’s in a hurry to offload. 589 is an interesting level, landing right on the 20-day moving average. Over the past three months, every time it hit this level, it bounced back. But this time is different: previous pullbacks came with decreasing volume, while Friday’s drop was a clear high-volume sell-off. Next week, just keep an eye on two numbers. If 589 breaks, the next solid support is around 530, with no buffer zone in between—over 100 points of free fall. If it holds, 617 is the first hurdle to watch. I don’t think this is a trend reversal. The moving average structure is still intact, and long-term funds haven’t exited yet. But that Friday candle is hard to ignore—let’s see how it gets absorbed early next week. If Monday opens lower again, I’d lean toward staying on the sidelines for now. Semiconductors are one of the most crowded trades this year. This kind of sharp drop is actually healthy—it shakes out weak hands. The question is, how deep does the shakeout go?