Charts make for good discussion, but they mostly serve as a record of the past. Set aside the shorts and market makers' games, and recognize not just the suppressed value in $Micron Technology(MU)$ relative to fundamental metrics, but also that the 30-year bond has put in a low and yields are heading lower. $cleveland-cliffs(CLF)$ earnings tomorrow should lift materials broadly, which would be a positive push for resource-linked names like MU. Friday was a bipolar capitulation moment driven by extreme fear. Super bullish Monday, and so far the bulls keep winning.
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