Apr. 16 at 8:13 PM
SOFTWARE REVERSAL IN PLAY
This isn’t a bounce… this is rotation with conviction.
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Weekly scoreboard:
$APP +26% → reclaiming
$480
$RBRK +15% → back above
$53
$RDDT +16.9% → clearing
$160
$ZS +15% off lows → pushing
$136
$NOW +16% off lows → reclaiming key levels
And the real tell?
IGV+13% off the lows, now firmly back above the long-term support that’s held since 2024.
That’s not random strength — that’s sector-wide bid.
When leaders + ETF confirm together, it usually marks a regime shift, not a dead cat bounce.
Positioning is still light. Flows are just starting.
Software may have just printed its bottom. Don’t get caught underexposed.