not sure the timing works. $1,050 lines up with prior resistance — that level matters more than the 0.1% headline. the forward multiple still sits under its 5-year median. but i’m not married to it.

it's coiling near $1,049 — ranges this tight usually resolve with a fast move, direction's the open question.

the multiple's doing the work; $1,050 prices a re-rate the tape hasn't fully bought yet.