Neutral/Negative Catalysts
- No fresh news in the last week: fewer near-term narrative catalysts to drive immediate upside.
- Short-horizon statistical outlook (pattern analogs) tilts mildly negative: ~-0.88% next day, ~-1.28% next week, ~-1.43% next month (probabilistic, but not supportive for “buy now”).
- Very high implied volatility signals elevated uncertainty (market expects large moves), which can coincide with drawdowns.
- Price remains below the pivot (~7.884); failing to hold support near 7.566 could open a move toward ~7.369.
