🔥Memory stocks lead again, silver remains under pressure, and ZEC breaks out against the trend
As of 19:56 on October 27, the market is focused on “a tech rebound, precious metals testing lows, and divergence among cryptocurrencies.” Expectations of higher HBM4 supply and packaging costs are still building, but with the rate decision approaching, the rebound’s staying power will depend on confirmation from price and volume.
【Memory sector】Micron premarket: 924.70; SanDisk: 1,276.64; SOXL: 94.13. Micron support: 903.70, resistance: 928.45; SanDisk support: 1,229, resistance: 1,288; SOXL support: 90.50, resistance: 106.13. SOXL’s daily ATR is about 14%, so disagreements after a sharp rally could intensify significantly.
【Precious metals】Gold: 4,023.10, support: 3,989, resistance: 4,039; silver: 53.37, support: 52.71, resistance: 54.28. Gold is wavering near its lows, while silver is weaker. Until resistance is reclaimed, treat the move as a recovery attempt.
【Cryptocurrencies】BTC: 79,721, support: 79,380, resistance: 80,203; ETH: 2,310.73, support: 2,295, resistance: 2,327. Both remain weak on the daily chart. ZEC is at 1,247.76, with support at 1,214 and resistance at 1,261. Its technical structure is relatively stronger, but its annualized volatility is about four times that of BTC.
Conclusion: For now, focus on whether the memory-sector recovery and ZEC’s relative strength continue. Wait to see whether BTC, ETH, gold, and silver hold or break key levels; don’t mistake an intraday rebound for a trend reversal. #SOXL $SOXL
As of 19:56 on October 27, the market is focused on “a tech rebound, precious metals testing lows, and divergence among cryptocurrencies.” Expectations of higher HBM4 supply and packaging costs are still building, but with the rate decision approaching, the rebound’s staying power will depend on confirmation from price and volume.
【Memory sector】Micron premarket: 924.70; SanDisk: 1,276.64; SOXL: 94.13. Micron support: 903.70, resistance: 928.45; SanDisk support: 1,229, resistance: 1,288; SOXL support: 90.50, resistance: 106.13. SOXL’s daily ATR is about 14%, so disagreements after a sharp rally could intensify significantly.
【Precious metals】Gold: 4,023.10, support: 3,989, resistance: 4,039; silver: 53.37, support: 52.71, resistance: 54.28. Gold is wavering near its lows, while silver is weaker. Until resistance is reclaimed, treat the move as a recovery attempt.
【Cryptocurrencies】BTC: 79,721, support: 79,380, resistance: 80,203; ETH: 2,310.73, support: 2,295, resistance: 2,327. Both remain weak on the daily chart. ZEC is at 1,247.76, with support at 1,214 and resistance at 1,261. Its technical structure is relatively stronger, but its annualized volatility is about four times that of BTC.
Conclusion: For now, focus on whether the memory-sector recovery and ZEC’s relative strength continue. Wait to see whether BTC, ETH, gold, and silver hold or break key levels; don’t mistake an intraday rebound for a trend reversal. #SOXL $SOXL
