EXCLUSIVE: Market Expert Jay Woods Says Micron Stock is New Market 'Tell,' Following Footsteps of Nvidia,

The piece highlights how Micron Technology is becoming the market’s “new tell” in earnings-driven trading, drawing comparisons to earlier tech leaders. Market expert Jay Woods says Micron shares are under bearish pressure, while also implying the stock’s reaction pattern is unusually informative for broader direction. Speaking to Benzinga, he notes the S&P 500 is trading near 7,500 and says it is unclear whether the index has peaked for 2026. Woods’ seasonal-based outlook calls for a 10% drawdown from the peak, potentially taking the index back below 7,000 in the next three to four months, followed by a rally after the election. He projects the SPDR S&P 500 ETF Trust (NYSE:SPY) to close 2026 around 7,650 or 7,700. Woods links the timing to earnings and calls Micron “the new tell,” citing strong growth but slowing price action and mentioning a bearish divergence. He adds third-quarter results arrived in late June and fourth-quarter results are expected in September.