# What to Watch Today (2026-09-22): Tech Breadth Improves Despite Overbought Mega-Caps
Tech momentum is broadening out even as several mega-cap names flash overbought warnings after explosive weekly moves.
Bullish Setups to Watch
QQQ ($741.47 → $760 target) - The tech ETF is showing improved breadth with RSI at 66, leaving room for further upside. Watch for a break above $745 to confirm the move toward $760.
COST ($898.48 → $920 target) - Costco sits oversold at RSI 38, setting up a potential mean reversion play. The $900 psychological level should act as initial resistance on any bounce.
Bearish Risks in Focus
META ($741.25 → $700 target) - The social media giant trades dangerously overbought at RSI 78 after an 11% weekly surge. Any failure to hold $735 could trigger profit-taking toward $700.
AMD ($615.52 → $580 target) - Despite hitting the historic $1T milestone, the chip giant's RSI at 73 signals pullback risk. Key support lies at $600.
INTC ($121.78 → $115 target) - Intel's 25% Meta AI-driven rally appears unsustainable. Watch for weakness below $120 to accelerate selling.
Top Trade: Short META
Meta presents the highest conviction bearish setup today. The stock's parabolic 11% weekly move has pushed RSI to an extreme 78, while the $740 level represents a logical resistance zone. Risk/reward favors shorts with a tight stop above $745 and downside targets at $700. The overbought technical picture suggests institutional profit-taking could accelerate any weakness.
Today's Catalysts
No major earnings or Fed speakers scheduled. Focus remains on technical levels and follow-through from yesterday's momentum plays. Watch for any news flow around AI partnerships that could extend or reverse recent moves in tech names.