Key Moment - New trend Break Out or 20 % CorrectionPHLX SemiconductorNASDAQ_DLY:SOXudbhavAfter the inverted head & shoulders flashed, we saw a false breakthrough on a key level, and then a rebound. suggesting there still is some bullish appetitie. The trend channel was established, however it is still superficial. Weather this new trend is solidified will be determined by the breakthrough on certain key levels, i.e. 50-day SMA, and the breakthrough of the last shoulder on the head shoulder level, both of which have coincided.