Shares of the semiconductor ETF SMH slammed into major support today at $105.10. After a solid bounce, the semi's are likely ready to roll over hard and begin their next leg lower. The resistance point is found by noting the neck-tie of the 20- and 50-day moving averages. This is huge resistance, coupled with a Fibonacci 38.2% retrace from the all-time high to the recent low. Investors can start accumulating short positions on semiconductor stocks or buy the SOXS as a triple short ETF on the semiconductor sector.