Ever since the storage sector cooled off, the AI track has been lukewarm for the past three months. This week, the U.S. stock market is gradually entering earnings season. First up is MU's earnings report. After checking out posts from various bloggers, including market previews from 麦点, most are optimistic about this earnings report, expecting a post-earnings rally. Let me break it down from a technical perspective: 1. Since the rebound at the end of July, MU has retraced above the 0.618 Fibonacci level of the overall decline. On the daily chart, the candlesticks are above all moving averages, and the moving averages are maintaining a bullish alignment. 2. Indicators-wise, the 3-day and weekly RSI have pulled back to the midline. The 3-day RSI has already formed a golden cross above the midline, and the weekly RSI is about to form one. The MACD on the 3-day chart has pulled back to the zero line and is about to form a golden cross. Both points above are evidence of a strong correction. In other words: either the correction from 1255 to 738 is already complete, or even if it’s not, 738 is likely the absolute bottom of this correction. This is because it’s a strong correction, and if the candlesticks drop further, it would cause a major divergence in the indicators. 3. If we’re bullish, the only slight downside is the pattern. From the rise starting at 738, the first wave from 738 to 1042 formed a leading diagonal. This could either be a Wave 1 or a Wave A. If it’s Wave 1, it will be followed by Waves 2, 3, 4, and 5. If it’s Wave A, it will be followed by Waves B and C. Currently, we’re in the second wave of the rise (starting from 903), which has now reached 0.618 of the first wave’s rise. To form a large-scale 12345 impulse wave, the rise starting from 903 must break out strongly with this earnings report, at least surpassing 1206. Summary: As of now, most evidence supports continued upside for Micron. If the earnings report exceeds expectations and solidifies the current state, a further rally is highly likely. However, if the market finds the earnings report underwhelming, it might reverse at this level and enter a large-scale ABC correction.