$SPY Is Coiling, $MU Holds Support, $AMD Needs 471.5 👀
Three charts I’m watching closely this week:
$SPDR S&P 500 ETF Trust(SPY)$ — the squeeze is getting tighter 🔥
Bollinger Bands are narrowing, which tells us volatility is being compressed.
That usually doesn’t last forever.
If the sequence of lower highs continues and $SPY finally comes down to the 766 gap, things could move quickly through the volume shelves.
🎯 Next support: ~754
So I’m not chasing the current range. I’m waiting for the compression to resolve and watching 766 as the first major test.
$Micron Technology(MU)$ — the reset looks healthy 🧠
$MU has held its 20-week moving average after working off an overbought condition.
That’s exactly the kind of reset you want to see in a strong trend.
The level that matters now is 984.
If $MU can hold 984 next week, the broader setup remains constructive.
And valuation is worth paying attention to.
At roughly 22x P/E, $MU is trading at a very different multiple from $NVDA around 39x, $AMD around 82x and $MSFT around 28x.
More importantly, Micron's AI-memory business remains extremely strong. Recent reports say its 2026 HBM supply is already sold out, while the broader memory market remains supply constrained.
So the question isn't simply whether $MU looks expensive after the run.
It's whether the earnings growth can continue to outrun the multiple.
$Advanced Micro Devices(AMD)$ — 471.5 is the level 👀
The setup here is more technical.
Bounces from the lower Bollinger Band that line up with Stochastic crossovers have been useful reversal signals.
Price action is constructive, but I still want to see momentum confirmed.
The 20DMA is the first hurdle.
And 471.5 is the key level for Tuesday.
Above it, momentum has room to improve.
Fail there, and the setup needs more time.
Three different charts, three different jobs:
⚡ $SPY → watch the squeeze
🧠 $MU → defend 984
🚀 $AMD → reclaim 471.5
That's where my attention is this week. 👀
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
