Micron 'capacity expansion' headlines have already diffused - keep the LONG thesis, but treat it as timing-sensitive
The Opportunity
Upstream direction is LONG, but the signal lives in propagation_monitor with decaying edge, which implies the market has seen the expansion narrative. The directional rationale stays intact - capacity and expansion stories are generally supplier-positive - but the edge now resides in the specific who/where/when details, not in the word 'expansion' itself.
The Timing
The missing confirmation to turn this into a cleaner trade is a facility- or timeline-specific disclosure that changes expectations, rather than more echo coverage. In Bearish 72 conditions, cyclicals and semis are prone to violent multiple compression; MU at $379.68 (-8.0%) reflects that macro crosswind is already dominating the tape in this snapshot.
The Evidence
No hydrated evidence URLs are present for ED-002 in the routed 7A object (hydration_integrity upstream is weak). We therefore keep the write-up constrained to upstream fields: spreading lifecycle, decaying edge, and a positive mechanism sign.