Shorting Semi-Conductors - SMH

Semi-Conductors will tank next.  The near term target would be 23.38 with the longer term target near 22.  This is the 50% Fib level, and is smack dab in the middle of the gap left back in July.

I am using the ultra short ETF SSG to short semiconductors.   You can see the correlations between the two charts.  I bought 500 shares at $20.51.   My near term target is $26.65, and the intermediate target is $33.