Hey everyone – hope you're having a good week.
Yesterday was absolutely wild. MU closed at $1213.56, up nearly 16%. Hit $1255 at the high after opening at $1233. Volume 83M – heavy but not panicky.
Overnight is showing around $1178.75, down about 2.9% from yesterday's close. A mild pullback after a massive move – nothing unusual.
Here's the GEX (based on yesterday's close):
Put Wall $1200, Call Wall $1250, gamma flip around $1072. Yesterday's close at $1213 was sitting above Put Wall but just below Call Wall – positive gamma territory.
Price is above the upper Bollinger band ($1207) – extended but not extreme. RSI elevated but not screaming. MACD still positive.
Above $1250 and the Call Wall flips to support, potentially opening up $1280-1300. Below $1200 and that Put Wall becomes resistance, with $1150-1100 as the next zone.
Overnight at $1178 is a healthy pullback, not a reversal. No red flags yet.
Let's see how this holds into the open.
DOYD🫡