Markets remain under pressure, but not every chart is signaling the same thing.
Some names are approaching key downside levels, while others are showing early signs of a possible rebound.
Here’s what I’m watching:
📉 $Microsoft(MSFT)$
Lost its 20DMA. The lower Bollinger Band at $505 is the next potential downside target.
📊 $Invesco QQQ(QQQ)$
Touched the lower Bollinger Band. A technical bounce is possible, but the chart doesn’t yet suggest a solid bottom. Remember, declines rarely happen in a straight line.
🟢 $iShares Russell 2000 ETF(IWM)$
Rejected the 20DMA again, but this time buyers pushed the price off its lows, producing a green candle instead of another bearish follow-through. Small caps may be showing a different pattern.
🔻 $Meta Platforms, Inc.(META)$
A decisive break below the lower Bollinger Band suggests much of the bearish move may already have played out.
📉 $Micron Technology(MU)$
The Bollinger Bands continue to act as a bearish guide, keeping downside pressure in focus.
Markets are always moving - and sometimes, the best move is knowing what works for you.
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