Danny Naz: IGV enters stage 4 decline as price nears key reversal zone

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08.03.2026

Danny Naz: IGV enters stage 4 decline as price nears key reversal zone — IGV nears reversal zone in decline

Software sector ETF IGV has moved into a stage 4 downtrend, according to market commentary from Danny Naz.

Naz identifies a failed stage 3 top in IGV and reports that the ETF is now pressing into the 82 to 74 Fibonacci zone, a level considered significant for potential seller exhaustion and buyer entry.

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Naz’s assessment of IGV’s stage 4 downtrend follows his prior analysis of shifting market leadership, where a concentrated Intel allocation underscored Nvidia's dominance over market direction. Broader context on the forces shaping the current tech landscape can be found in Naz’s exploration of the tech giants driving the NVDA supercycle, highlighting the pivotal roles of firms such as Arm, Synopsys, and Cadence.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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