Neutral/Negative Catalysts
- Primary trend remains bearish (long-term MA structure still negative), which often caps rebounds.
- No supportive news in the past week; no clear event-driven tailwind ahead of earnings.
- Earnings catalyst risk is two-sided, and recent financial trajectory is weak, increasing downside surprise risk.
- Options are effectively illiquid (zero volume), limiting the usefulness of “sentiment” from derivatives and making price action more prone to air pockets.