MU post-earnings price action is exceptionally tight; watch for resolution above 1083 or below 1057 for a trade setup.

we have micron behind us.

If you look what happened with Micron yesterday, I think Micron's going to be interesting today. Micron's very tight. Okay, so at least it's tight.

And uh if you took an option play, chances are um you the dealers are going to win. You didn't have to. Now they're going to suckle the premium. People like, "Right dog, did you take options into MU?"

I'm like, "No, these option plays for earnings are just not working." Um but I will definitely be looking at it now.

Um MU is only down 7 cents and look how tight this range is. So at least maybe there could be a good day trade here, you know, where where they're not taking it away after hours or before or maybe give it another day or so.

Like if if Micron can get off get above and stay above 1083, right? 1083 which is right here. Um it's nowhere. Chances are um you could see 11:08. If you know it wants to see 1030, it's got to get below and stay below 1057.

So I've never seen micro so tight. I mean Micron. Oh my goodness. This is uh 1057. So, this should be front and center. You know, usually like when when when JP Morgan reports it's the noisiest trade after and then a few days later it sets a trend.

Um, I guess maybe we'll see what what they're going to do here because this is this is tighter than it's been in a while and so far it's done a little bit of nothing. You know, you also have the you have South Korea is up um 1 point something percent.

So, you know, they're they're they're the kings of the the memory makers.

Um, so anyway, um, so see how which way this resolves. This could be a good day trade. It could wind up being a swing trade, too, now that the earnings are behind it. Sometimes it's really good when the binary events out of the way.

You don't have to worry about it being up 100 points or down 100 points.

So, this is uh, you know, this is this is really tight. This is also if if you're an old school technician, this is a wedge type pattern. Wedge type pattern is a pattern of indecision. it doesn't know what to do.

So, we have the opportunity to jump on this when it resolves. So, there you go. 11:08. In order to get to 1108, you got to get above and stay above. Sometimes it's choppy. It pushes above and fails.

You know, if it's going to sell off and be priced in from where it was at the lows, you know, it's got to get below 1057. So, I would watch this.

But anyway, here's Micron. Micron might be a little noisy today, but you know, we'll see if does it get above this 1083, then you have 1108, and that would go a long way for the semis.