Trade Brigade

Next Week Will Make Or Break Markets

The video centers on the upcoming Micron Technology earnings report and its potential to either reinforce or undermine the recent AI‑driven market rally. After surviving the Fed’s Aura loss and the Iran peace deal, the S&P 500’s resilience has largely depended on semiconductor memory stocks, which have masked broader weakness. Matt breaks down the weekly S&P 500 structure, noting a higher high but a red‑bodied close that leaves the bias neutral. On the daily chart, the critical 744 level emerges as the hinge point: staying above it supports a bullish outlook, while a break could tip the market toward a short‑term downtrend. The hourly view mirrors this tension, with a soft higher low forming around Thursday’s range. Key observations include a hammer candle suggesting buyer strength, a neutral‑to‑bullish market‑internals reading, and a stark contrast between the NASDAQ 100’s green‑bodied hammer and the S&P’s more indecisive performance. Matt emphasizes that the market’s next move hinges on whether Micron delivers earnings that sustain the memory‑stock lift. If Micron beats expectations, the AI‑related rally may regain momentum, bolstering tech‑heavy indices. Conversely, a miss could expose the underlying fragility of the broader market, prompting a pullback that reverberates across risk assets.