Software may be ready. IGV completing an ABC correction right into wave (1) support at $82 — the exact level where a double bottom would form. Stochastics washed out across the sector.
The “sell first, ask later” wave hit everything — including names that are structural AI beneficiaries.
Now I’m screening for individual stocks showing relative strength against the IGV benchmark. Snowflake stands out: a core data infrastructure play that should benefit from every agentic AI deployment.
Earnings February 25 — last quarter saw a slight miss followed by a sharp selloff. This time the setup is different.
Full analysis with SNOW wave count → closelook.net/pulse