$MU 942 Double top welded shut; if it can’t clear three times, it’s just a rebound-collapse. Above 940 is all suppression—today you won’t get through. The open interest evaporated 13.96% in a day; large long accounts are still cutting positions. The fuel for the rebound has burned out—longs themselves are withdrawing. Don’t mistake a dead-cat bounce for a reversal. Current price 931 short directly; first target 889; stop loss 980—if it breaks through above the double top.
