Correction on semiconductorsiShares Semiconductor ETFBATS:SOXXSupergalacticLooks like a clean 5-wave move down, which can be wave 1 or wave A of a bigger correction. Right now it's making a high ABC bounce. There is a resistance at 0.76-0.786 and 0.86-0.886 fibs - a reversal from this area makes sense. It can spike even higher to close the gap, but it doesn't have to.