Can SOX give us a signal, again?

On Dec. 9th I suggested that we have to watch SOX for clues in this market. It gave us a perfect heads up on what was coming - vicious 3-day sell-off. Now that we have sold off to support levels, I would like to bring your attention to this important development. After the close tonight there was a deal in the semiconductor space. LRCX is buying NVLS in $3.3B transaction, which is 28% premium over NVLS closing price. The deal (all-stock, but nonetheless) is going to ignite some interest in the chip equipment space tomorrow. I expect this to get the SOX turnaround going and spill over to NDX, and eventually the entire market.
A $3.3B all-stock deal in chip equipment space will turn the whole market around? Folks, crazier things have happened...

Let's look at the chart.

click on chart to enlarge