Are you buying? I heard on one of these news channels that there will be a major increase in attacks on the Rep Guard in as little as 3 days. Of course, why the market would go up with an increase in fighting seems counterintuitive to me, but that's probably why it will. ;)
H&S target on the SOXX 60-minute is around 292, near the area of the top of the gap from last week. It coincides with around COMP 1298 or so. On a percentage basis, it may be closer to COMP 1310 or so.