$MU I threw up. The first few candles were bearish for four hours—more down than up, sliding all the way lower. Now a single bullish candle has forcefully yanked the price back up to the high zone. This isn’t a turnaround; it’s just a decoy to give those sell orders lined up above a foothold. If you ask me, in the spot market’s order book, the sell orders placed on the twenty levels are thicker than the buy orders by a whole segment. The overall structure hasn’t actually flipped. This rally is propped up purely by one hard push—once the fire is gone, it’s going to collapse. At this point, it’s basically feeding the sell-wall orders overhead. Anyone who chases in is filling the hole for the shorts. I’m putting the ugly truth out there right now.
