IGV

IGV remains in a Stage 4 decline, with a terminal Support Failure confirming a downtrend. Price is below its EMAs and major moving averages, which are acting as resistance. The 9EMA/21EMA slope downward and distribution volume suggests further selling pressure. With no mean-reversion eligibility and neutral OB/OS context, bearish execution is favored now. We will Sell Now into rejection at EMAs, targeting continuation of the decline. A sustained reclaim above EMAs and 50DMA would invalidate this posture.

• ↑IGV down 11% YTD; high profitability ratios suggest rebound potential
• ↑Bronze Morningstar Medalist rating indicates better performance vs peers
• ↓11% YTD decline reflects ongoing weak sentiment in software stocks