Taking a hard look at the actual numbers on $Micron Technology(MU)$ after it wrapped up the session at 975.56. The massive run-up we saw through the middle of June has completely retraced, which leaves us with a highly volatile setup. My plan from here is completely straightforward. On the upside, buyers have to actively reclaim and hold a spot above 1032 to prove that a real recovery is starting. On the downside, my line in the sand is the major support shelf at $950. If the stock drops and stays below 950, the immediate bullish case is completely broken and I am cutting active positions to protect my capital. Keep it simple and CHECKİNG $SPDR S&P 500 ETF Trust(SPY)$ $Vanguard S&P 500 ETF(VOO)$ $Invesco QQQ(QQQ)$ 
Two Sessions Undid Friday's Rally: Memory Supercycle Over?
Memory split: SK Hynix +4.83%, Micron −1.61%, SanDisk −0.12% — the same names that rallied together on Friday, SanDisk +12%, Micron +6%. The tightness is real: the shortage is spreading from HBM into DRAM and NAND, and Korean brokers put Samsung's and SK Hynix's inventories below ten days. The crack: Kioxia denied merger talks with SK Hynix and signalled it would cool price rises — the opposite of the tight-supply story. The counterparty to higher prices is not just the customer but rivals who want to keep that customer. Follow SK Hynix on inventory, or wait for Kioxia's stance to hit quotes?
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