IGV — SOFTWARE ETF
IGV is trading inside a higher-timeframe demand zone after an extended drawdown.
Recent sessions printed unusually high volume for this index — the largest on record — occurring after prior imbalance was fully resolved. Historically, that combination tends to show up when downside risk starts compressing, not when downside momentum is accelerating.
This does not imply a confirmed bottom, and it does not rule out further downside.
It does suggest that risk is no longer expanding the same way it was at higher prices, and that forward outcomes from this area are likely to be more balanced than they were earlier in the decline.
From here, the focus is less on prediction and more on how price behaves from this zone.
Watching for acceptance or failure at current levels.
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IGV — SOFTWARE ETF
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