MU PEAD reversal: T+3 ↑LONG faded — T+5 closes -3.51%
T+3 said ↑LONG at +7.88% CAR; T+5 reverses to -3.51%. The market re-priced the print.
─ Timeline ─ Print 2026-06-24 Micron Technology T-1 close 1051.77 (baseline) T+3 close 1145.28 CAR +7.88% → ↑LONG T+5 close 2026-07-01 1032.28 CAR -3.51%
─ Verdict ─ T+5 CAR (-3.51%) lands on the opposite side of the entry band from T+3 (+7.88%). The post-earnings drift faded inside two extra sessions — typical signature of a print that hit consensus algorithms hard then gave back as positioning normalised. Our read: the reversal outweighs the T+3 direction — we no longer treat that initial reading as the live signal.
─ Conviction ─ Original conviction 79/100 invalidated. T+5 closes against the signal — the print did not produce a sustained move.
─ Original T+3 signal ─ See earnings card: /tape/c-earnings-mu-2026-06-24/
─ Closelook frame ─ Indices: Rubin · NDX
→ closelook.net/indices/stock/?t=MU