Market Status: IBM is experiencing significant bearish pressure after a sharp 5.79% drop on Feb 3rd, trading below key EMAs (9 & 50) but still above the 200 EMA at 279.17. Price action shows weakness with RSI at 45.63 in neutral territory.

Technical Indicators: MACD remains negative at -1.58 with histogram declining, signaling continued bearish momentum. RSI recovered from 40.24 to 45.63 but still below 50, suggesting consolidation rather than reversal.

Key Levels: Critical support at 278.96 (Feb 4 low), resistance at 291.81 (Feb 5 high). Price needs to reclaim 295+ to turn bullish.

Prediction: Tomorrow likely red candle as price struggles below EMAs. Weekly close expected below open given current momentum.