Sunday Prep 10/10 - $MU Has been Trending Down the 20D/50D SMA

Has been trending down the 20d/50d. Looking for a pop back into the underside of the 20d around 72 to get short. If that doesn’t hold I may look to revisit the name around the 74 – 75 area where you have the 50d. 75 is a huge psychological level and it coincides with the downward trendline that it has been holding on the daily. On the other hand, if we lose last week’s lows, this could easily see a 65 test where you have the monthly 20sma. So if we start to rollover under last week’s lows, I may look to join the trend, shorting pops on lower highs with set risk.