Mar. 8 at 2:18 AM
$SIRI weekly is building something quietly.
After a brutal drop from
$71 to
$17.77, the structure is shifting. Higher highs, higher lows forming on the weekly. RSI confirming the same pattern. That's a trend change, not noise.
Flow backing it up: repeated
$22.5 calls for March '26 being swept and blocked today. Same strike, same expiry, multiple prints. Conviction accumulation.
Price is pressing into
$22.53–22.71 resistance right now. That's the line.
Bull case: break and hold
$22.71 →
$27–28 next resistance. Descending channel officially broken.
Bear case: rejection here, back to
$20.74 support. Below
$19.50 and the HH/HL thesis is invalidated.
Under the radar accumulation setup. Watching closely.
#SIRI #SiriusXM #hovdid
