The main signal is the alignment of daily and intraday weakness with a sell stack in the order book around 319.5-322.25. The sharp drop from the 340.25 peak on 2026-05-11 to the 315.75 close on 2026-05-12 occurred on heavy volume, which is consistent with a fast momentum break rather than a slow drift. Today’s trade has stayed compressed in the 315-317 area with relatively low volume, suggesting post-shock stabilization but no real upward resolution yet. Bid depth is concentrated between 316.5 and 318.75, but the nearest sell wall at 319.5 and repeated supply at 322.0-322.25 create a clear overhead cap. Intraday action yesterday showed a brief surge to 324.5 followed by a failure back below 322 and an eventual slide to 318.75, confirming that buyers could not hold momentum. The weekly and monthly views both show a loss of upward force as the 330.25 to 315.75 reversal failed to preserve the prior peak. News flow does not provide a clear catalyst, so price is being driven more by exhausted trend dynamics and overhead supply than by fresh information. Overall, short-term rebound capacity looks limited, while downside sensitivity rises if bids retreat below the 315-316 area.