$MU looking vulnerable here. Even with tariff relief headlines, Micron's likely heading for its 200-day MA around $588 — that's the wave C target if this correction plays out.
First confirmation: needs to close below the 20-day MA. That's when wave C officially kicks in. Until then, wave B might still be grinding.
Cycle read: we're in a correction phase within the broader tech rotation. Semis got ahead of themselves, now they're resetting. If $MU breaks the 20-day, next stop is $588. If it holds, wave B extends and we chop sideways longer.
Play it simple: watch the 20-day close. Break = rotate out or hedge. Hold = patience, wave B isn't done. Don't fight the structure — let price confirm before positioning.
First confirmation: needs to close below the 20-day MA. That's when wave C officially kicks in. Until then, wave B might still be grinding.
Cycle read: we're in a correction phase within the broader tech rotation. Semis got ahead of themselves, now they're resetting. If $MU breaks the 20-day, next stop is $588. If it holds, wave B extends and we chop sideways longer.
Play it simple: watch the 20-day close. Break = rotate out or hedge. Hold = patience, wave B isn't done. Don't fight the structure — let price confirm before positioning.
