Market Carve
Summary

2026-02-05

Market Status: SMCI showing extreme volatility! Trading below all major EMAs (9/50/200), signaling bearish trend. Price at $30.75 after a brutal -6.86% drop on Feb 5.


Technical Indicators: RSI at 53.8 (neutral zone), MACD histogram slightly positive but both lines negative. The Feb 4 spike to $34.94 was completely rejected - classic bull trap!


Key Levels: Strong resistance at $34.94 (recent high), support forming around $28.64-$29.37 (recent lows). Price action screaming uncertainty.


Prediction: Expect consolidation or slight bounce tomorrow after the sharp selloff. Weekly outlook remains choppy - high volatility continues!

Insights

Trend: 🐻 BEARISH

Candlestick Pattern: Bearish Engulfing / Rejection Pattern (Feb 4: Bullish candle $32.95-$33.77, Feb 5: Strong bearish rejection $33.015-$30.75, engulfing prior gains)

Support: 🟢 28.64-29.37 (recent lows and wick cluster from Feb 3-5)

Resistance: 🔴 34.94 (Feb 4 high rejection point)

PUTBUY SMCI @ 30

Expiration: Feb 19, 2026 · 14 days out

SMCI