Tim Knight didn't even get past the letter A and found enough bearish setups to fill a video. SOXL has topped three times in three cycles and the energy is depleting with each new high. ARM gapped down hard from its lifetime peak. Broadcom set a lower high. AXTI completed an inverted cup with handle. The whole sector is showing exhaustion under the surface. The semiconductor index has been in a bull market for 18 years. Tim says this week's price gap may have turned the page. He is long January 2027 SMH puts with a tight stop at the gap, and short a handful of individual names. Applied Materials and Analog Devices are still making generational wealth, but even those are lofty enough to fall for years. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 SOXL: three peaks, three cycl...