IGV Uptrend Reversal Odds
Analyst's reasoning:Although trading below the 200-day moving average, persistent higher lows after a selloff suggest the downtrend is losing momentum. That pattern argues for leaning bullish as the post-selloff reversal builds structure.
Analyst's reasoning:IGV (software ETF) was down almost 6%, and the commentary notes earlier momentum faded with RSI still positive but heading downward. In a selloff where rates rising hurt growth, that weakening momentum profile argues for caution in software exposure.