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S&P 500
Benzinga
173 days

Make This Income Trade as Chip Stocks Tumble

1. Micron's upcoming earnings are expected to see a muted response. 2. Traders anticipate a tight trading range for Micron stock. 3. Investors are employing a short iron condor strategy to capitalize. 4. Resistance is near $105 and support around $85 for Micron. 5. Recent reactions to NVIDIA suggest cautious market sentiment.

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FAQ

Why Neutral?

The muted response to NVIDIA's earnings indicates overall market caution, affecting sentiment toward Micron.

How important is it?

The article discusses trading strategies relevant to Micron, which is crucial for S&P 500 dynamics.

Why Short Term?

Micron's earnings next week may influence immediate stock movements but not longer-term trends.

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