The NDX has been the weakest index since February and the semi’s are often first part of the tech sector to reverse. We will exit the trade with a very healthy profit. For those willing to continue taking the risk, another idea is to put a stop-loss in at $37.50. Any daily close beneath that would be signal that an intermediate top has been struck. The SPX and DOW are likely to stay elevated into June 14/15, but we expect big money to start to exit the NDX potentially prior to those dates.