NVDA Rejection & SPY Post-Cut Choppiness

SmartReversals
12-12 11:58

1. $NVIDIA(NVDA)$

Do you analyze your stocks using this type of chart? If so, read this free article on the importance of technical analysis.

It also highlights the exact price level where the stock was rejected this week. 👇👇👇

2. $SPDR S&P 500 ETF Trust(SPY)$

As detailed in the market update⬇️, choppiness is normal after a rate cut, and today serves as example.

The bounce was fueled by Materials, Financials, Industrials, and Health C, offsetting the lag seen in Tech. The chop can continue if semis $VanEck Semiconductor ETF(SMH)$ and giants continue weak.

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