Tech Has Been Sold. Vol Has Been Crushed. Now Comes The Squeeze?

The tech squeeze setup

Tech has spent months consolidating, but the setup is starting to look increasingly asymmetric. Risk has been cut, relative vol has collapsed and NVDA is already squeezing.

September seasonality can still deliver some wobble, but with Q4 seasonality approaching and tech optionality this cheap, even a modest reversal in sentiment could turn into a much broader catch-up move.