Bearish Tech Momentum (IGV/PLTR/MSFT/SpaceX)
Options flow flagged bearish IGV software index with PLTR and MSFT weakening. SpaceX dropped 3.09% on Aug 19; technicals show MACD buy, RSI neutral, Williams %R overbought. Resistance at $150, potential retest of $100 support. Pre-market indecision; watch for failure at $135. Developing short-side day trade opportunity.
Sources (4)
Updated Aug 21, 2026