SPX Bounce Confirms, NDX Faces Make-or-Break Week

SmartReversals
02-23 11:44

$S&P 500(.SPX)$ : The bullish Stochastic crossover previously highlighted, combined with the bounce from the lower Bollinger Band, provided excellent confirmation for the recent move.

The 20DMA must now be flipped to support to consolidate this bullish continuation for a retest of the highs. $SPDR S&P 500 ETF Trust(SPY)$

$NASDAQ 100(NDX)$ : A breach of the lower Bollinger Band has propelled a visit to the 20DMA at the very least in previous cases.

Even during the 2025 bear market, this pattern held. If the index fails to reach $25,200ish this week and the bounce fades before then, we would be looking at a major bearish signal. $Invesco QQQ(QQQ)$

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
11