MicroStrategy (MSTR) has shorter cycles and negative momentum, with projections targeting the 78.6% Fibonacci retracement around $114.50 or cycle low support around $104.
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US Stock Market S&P 500 | Gold | VIX | MSTR and More Chart Analysis
Steve MillerApr 15, 2026
The analyst provides a technical analysis of various market instruments including the S&P 500, VIX, GLD, iShares US Transportation ETF (IYT), BorgWarner (BWA), and MicroStrategy (MSTR). The analysis focuses on identifying potential support and resistance levels, cycle timings, and momentum indicators to forecast future price movements, with a generally bearish outlook for most mentioned assets in the short to intermediate term.
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Tickers discussed in this post
BorgWarner (BWA) is expected to trade range-bound on the monthly chart after a large spike, with potential for further choppiness or a move lower on the weekly chart into the summer.
The iShares US Transportation ETF (IYT) is showing bearish signs with a large bearish candle and is expected to face resistance between $76.50 and $79, presenting a potential sell zone.
The VIX is showing strength and is expected to move higher after a brief pullback, with a low due between 323 and 518.
The S&P 500 is in a corrective mode with lower highs and lows, and the analyst expects a low to form around mid-April, with potential support levels between 1380 and 1522.