The Beginning or The End for Semiconductors?

The bulls say a new bull market started in March 2020 and some Teradyne cleared its 2000 high, but has since pulled back. Bullish above the blue horiztonal, but I'm bearish on semiconductors and tech in general.

Taiwan Semiconductor. Everyone knows they have a monopoly. Everyone knows theres's a shortage of chips that is ongoing. Chart looks like a correction for now, but below $107.46 the outlook turns decisively bearish in the intermediate-term. Bonus is the Taiwan ETF. TSM is about 22 perecnt of the fund. The top-5 are all tech stocks with about 35 percent of the fund's assets. Tagging aa long-term resistance line.

Finally, the most liquid semiconduictor ETF.