Until SPY breaks 755 or 740, expect rotation, failed rallies, and sharp day to day swings as traders fight for conviction

3:57 PM

Big-cap earnings still have room to change the tape; Google, Tesla, and Intel reports this week are possible volatility triggers

3:57 PM

The deteriorated outlook for rate cuts is compressing interest rate sensitive valuations and explains why tech has been struggling this month

3:17 PM

Jobless claims at 208,000 underscore labor resilience and take urgency away from the Fed to cut rates any time soon

2:37 PM

Oil remaining elevated makes it harder for the Fed to justify cuts, which directly reduces the premium investors will pay for expensive growth stocks

1:37 PM

The U.S.–Iran conflict keeps oil elevated, so escalation reroutes cash into energy and defense while a ceasefire would favor technology and other growth names

12:57 PM

SPY moving below 740 would represent a meaningful change in character and raise the probability of a deeper correction

12:07 PM

SPY has been stuck between 740 and 755 since July, and a clean break above 755 would signal buyers regained control and open an ATH retest

11:27 AM

The $MU setup reached Target 1. We trimmed the position and kept the remaining exposure under review 🎯

9:31 AM

Micron Technology (MU)

July 20, 2026

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3 min read

Micron Technology has been among the market leaders since the spring correction, driven by expectations of structurally higher memory demand from AI workloads. Recent company results validated those demand patterns and reinforced the narrative that memory pricing is being supported by constrained industry supply and fierce competition among large AI customers.

Trade Setup

Ticker MU

Price

Support

Target 1

Target 2

Progress

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