Micron … Wedge at The Edge

August 10, 2026 By in MU, Semiconductors, SOXX 2 Comments

Demand Evaporating?

Today was supposed to be the day when semis continued their short squeeze grind higher.

It didn’t happen.

Instead, we had various reversal patterns and (down) trendline confirmations.

The trend, channel, and minor wedge on MU, is a good example (not advice, not a recommendation).

Stay Tuned

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The Danger Point®, trade mark: No. 6,505,279

2 responses

    • Thanks,

      Yes, I’ve kept my eye on nat-gas UNG.

      It could be a ‘position’ play into the coming fall/winter season.

      However, in my opinion, if you’re trading a commodity, then you’re locked in on that commodity. No other distractions.

      At this time, UNG may turn out to be fantastic going into the winter. There could even be a ‘supply’ disruption.

      For me though, I let it go as I’m focused on the A.I. blow-up which is unraveling by the day.

      Thanks again for the heads-up.

      Paul

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