Looking at the $SOX for a Temperature Reading

The Semi Conductor index is often a leading indicator for the broader markets and this morning we can see it hit resistance on que as it bumped up against the downtrend line that started on Wednesday. Lets keep an eye on this trendline today and Monday as a possible indicator on which way we're going. Today will most likely be a chop fest since were back down in the channel and there's lots of "noise."

$SOX 15m Chart for the past few days