IBM Short — IBM's short thesis gets fundamental backing as a salInternational Business Machines CorporationNYSE:IBMmnktrdIBM’s bearish momentum setup is supported by a meaningful fundamental catalyst: a sales miss and concerns around enterprise spending/AI capex durability. The move is very extended after a record-style drop, so bounce risk is real, but the news confirms the short thesis enough to take it with reduced size. 📍 Entry: 206.08 🛑 Stop: 219.45 🎯 Target: 178.22 ⚖️ R:R: 2.08