SPY Bearish as semiconductor stock seem to have topped

Comparing NVDA to the SPY in the chart, but most other semi stocks look the same. MU actually made a slightly higher high, but hit right into a major resistance level. We are seeing quite a bit of selling coming from semi's today so are they telling us the market is done going higher? Well I think so, or at least really close to being done. Started picking up bearish positions but will be layering in over the next few breakdowns.