"IGV is described as holding up better than the broader risk area today, fitting the theme that not all software is rolling over."
@ ~$711.23
"BLOW-OFF TOP? 🚨 Warning Signs in Tech & The "Big Hairy" Chart Pattern!"
Latest analyst takes
"IGV is described as holding up better than the broader risk area today, fitting the theme that not all software is rolling over."
"Even though IGV is below the 200-day moving average and in a downtrend, I’m leaning toward the bull side if it keeps putting in higher lows after the earlier selloff, because that closes the door on further downside."
"The software ETF IGV and many enterprise software names are breaking down below long-term support as Anthropic-driven disruption resurfaces, marking the group as a relative-weakness sector in the near term."