$NVIDIA(NVDA)$ - The stochastic oscillator curling up from oversold territory has reliably signaled bullish reversals during previous pullbacks. Price has also bounced from the highlighted demand zone at the lower edge of the volume shelf. All eyes are now on the 50 DMA (purple), which is expected to turn into support. $NASDAQ 100(NDX)$ $VanEck Semiconductor ETF(SMH)$ $iShares Russell 2000 ETF(IWM)$ $SPDR S&P 500 ETF Trust(SPY)$ $GLOBAL X DOW 30® COVERED CALL ETF(DJIA)$ ImageOne of the reasons why a pullback is not guaranteed 👍.Image
SmartReversals
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$NVDA - Price has also bounced from the highlighted demand zone
$NVDA - Price has also bounced from the highlighted demand zone
SPX Daily Chart: A technical bounce is normal after a bearish engulfing candle
$S&P 500(.SPX)$ A technical bounce like the one seen today is normal after a bearish engulfing candle.With or without green continuation on Tuesday, further decline is expected, there are recent references highlighted in the chart.A bearish MACD cross is around the corner, that would validate the thesis of a healthy pullback coming. If it happens, a visit to the 20 and 50DMA zone is expected.The Bullish crossover in 20 and 50 DMAs looks like the welcome sign for Summer season. Suggesting that a healthy pullback would be a buying opportunity. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$
SPX Daily Chart: A technical bounce is normal after a bearish engulfing candle
$NVDA - Holding the Line: Will the Volume Shelf Support a Bounce?
$NVIDIA(NVDA)$ - Holding the Line: Will the Volume Shelf Support a Bounce? The 50-day moving average has flipped to resistance, and the oscillator is not yet oversold. The rapid retracement from Monday's bounce is explained by the Bollinger Bands, with a shooting star forming above the upper band. NVDA is at a critical juncture; a bounce is needed here, as the lower band and volume shelf are at $127.After one more big down? That's what the picture suggests, it's one shelf against many indicators. $Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $Vanguard Total Stock Market ETF(VTI)$
$NVDA - Holding the Line: Will the Volume Shelf Support a Bounce?
NVDA - Death Cross
$NVIDIA(NVDA)$ - Death Cross: It happens when the 50-day MA falls below the 200-day MA as highlighted in the chart.In addition, the 20-day MA has rejected any bounce attempt during the last two weeks. Only a break above 20DMA and $118.4 would give some hope for a bounce to $127.Just a year ago NVDA was going to the moon! Indeed, and it soared to $150, but gravity exists for consolidations.ImageThis is my analysis the other day：NVDA shows a promising bounce, but next week will reveal if it can overcome the typical volatility at the 50 DMA, especially given its convergence with the 200 DMA. We'll see if it leads to a rejection, potentially filling the two highlighted gaps.➡️ Is this a lower high or a solid bounce?Image
NVDA - Death Cross
Russell2000 confirmed a base breakout above $2133-$2100
Russell2000 $iShares Russell 2000 ETF(IWM)$ confirmed a base breakout above $2133-$2100.It indicates potential upside beyond resistances at approximately $2288 and $2350-$2360, as well as surpassing the late 2021 peak of $2459, towards the upper target of $2620. The surge in RTY stocks reaching new 52-week highs suggests that the RTY is likely to sustain this upward breakout. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini Russell 2000 - main 2409(RTYmain)$ Imagehttps://x.com/SmartReversals/status/1816825688319508664
Russell2000 confirmed a base breakout above $2133-$2100
$NVDA - This jumpy one likes to play with the premarket session
$NVIDIA(NVDA)$ - This jumpy one likes to play with the premarket sessionA bearish engulfing candle is a negative setup for bulls that opens the day above the previous one, and dedicates the session to fall dearly. That happened on Friday, and in recent pullback initiations. Will this time be different?The Stochastic, Bollinger high, and the high edge of the volume profile suggest this time won't be different.How deep? maybe the demand zone works again (still a painful fall), in the end there is a bullish crossover between 20 and 50DMA Image
$NVDA - This jumpy one likes to play with the premarket session
SPX Daily Chart: Bullish Signals Emerging, Key Checkpoints Ahead
$S&P 500(.SPX)$ - Daily Chart:Promising move, the inverted hammer had validation, since today’s opening was above the previous day’s body.50DMA was recovered, and Williams%R is showing a move comparable with the last bottom.There are two pending checkpoints: Jumping above the 5DMA, which is still governing the very short term trend, and triggering a bullish crossover in Stochastic.Today’s candle was not an example of conviction, but is not bearish either; and volume was high.$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$Imagehttps://x.com/SmartReversals/status/1816929818224582709
SPX Daily Chart: Bullish Signals Emerging, Key Checkpoints Ahead
Bearish Signals Abound: IWM, SPX, VIX and SPY Under Pressure
1. $iShares Russell 2000 ETF(IWM)$ That 50DMA better holds, losing that level usually brings deep declines.Seems that the weekly bearish setup was delayed a week given the $GameStop(GME)$ euphoria.Image2. $S&P 500(.SPX)$ & $Cboe Volatility Index(VIX)$ Can we see the drop yesterday as a fake one since we are below 12.95 on the vix and day is hadding down again?I like this question about SPX and VIX. Ans: Possible, but let's pay attention to 5DMA; it's still resistance at this moment.$5288 is a daily support that must hold, it has worked during the last 45 minutes.If that's the case for the day, 5DMA has to be surpass
Bearish Signals Abound: IWM, SPX, VIX and SPY Under Pressure
Relief Bounce vs. Risk-Off Reality: Market Still Must Prove a Bottom
The catalyst for Friday’s turnaround emerged from dovish commentary by New York Fed President John Williams, whose remarks suggesting “near term” rate reduction prospects galvanized sentiment following Thursday’s sharp selloff. Futures markets swiftly repriced the probability of a December policy easing to 75%, jumping from roughly 40% just one day prior. However, this optimism confronts a significant challenge: Federal Reserve policymakers will navigate the December decision without critical October and November inflation and labor data, a consequence of the prolonged government shutdown. Economic anxiety is further reflected in the University of Michigan’s consumer sentiment index, which deteriorated to 51 in November as concerns over persistent elevated prices and labor market stability
Relief Bounce vs. Risk-Off Reality: Market Still Must Prove a Bottom
$IWM - Bullish divergence in the daily chart
$iShares Russell 2000 ETF(IWM)$ - Bullish divergence in the daily chartThe bounce happened right at the lower edge of the volume shelf, and the bearish target posted for everyone last week🎯. Price closed the week at the higher edge of the same volume shelf with a red candle⚠️. Bullish continuation is possible, as mentioned in the weekly analysis open for everyone in the link in bio with specific levels to watch. $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $Cboe Volatility Index(VIX)$
$IWM - Bullish divergence in the daily chart
$PLTR - Exhaustion Signals
$Palantir Technologies Inc.(PLTR)$ - Exhaustion Signals: Reversal candles like dojis or shooting stars crossing or at the higher Bollinger band have been followed by a pullback. The setup strengthens with RSI above or close to 70. The latest weekly candle is a hanging man overbought relative to the bands and RSI. Previously 20 weekly average has been the deepest support, in mild cases the 10MA. Like if interested in the monthly setup💚 $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $.SPX(.SPX)$ Image
$PLTR - Exhaustion Signals
$NVIDIA(NVDA)$ is showing exhausted price action in the daily chart considering the indecisive candles, and the overbought RSI agrees with the exhaustion thesis. The gap at $123 may act at a magnet.For whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here：Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉💰CBA Mini Course 1: What is Cash Boost Account(CBA)?
$NVIDIA Corp(NVDA)$ The MACD is brewing a bullish signal that was worked well Nvidia. if that happens... oh boy. Watching carefully, a month ago the signal did not consolidate (Red circle).Imagehttps://x.com/SmartReversals/status/1822999100628914676
NVDA fueled the market's bullish move
$NVIDIA(NVDA)$ fueled the market's bullish move this week, decisively reclaiming both the 20- and 50 DMAs after a strong bounce from the lower Bollinger Band. A gap fill is likely this week. ➡️The key question now is whether this move paves the way for new all-time highs, or if the stock will decline following its earnings report? $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
NVDA fueled the market's bullish move
TSLA Breakout = $350
$Tesla Motors(TSLA)$ : he more a support or resistance level is tested, the more likely it is to be breached. That is the case of the 20DMA, there have been seven consecutive days of retest, will if be breached?➡️Rejection = Retest of the 50DMA➡️Breakout = $350What's coming?ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here：Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉💰CBA
TSLA Breakout = $350
Potential Bullish Signals Emerging for $NVDA After Crash
$NVIDIA Corp(NVDA)$ - Daily Chart:Two positive factors in the middle of this crash:1) The gap was finally closed2) There is a bullish divergenceOf course, it is very EARLY, and there are more than 4 hours to consider this chart closed. But if it is the case, there would be a third bullish factor which is the candle itself, an extreme reversal setup. Check the bottom of the 2022 bear market.But the day has to end like this, or even better, to continue seeing this as a buying possibility.Imagehttps://x.com/SmartReversals/status/1820480630833967298
Potential Bullish Signals Emerging for $NVDA After Crash
Dow Jones Faces Key Resistance, Squeeze Signals Potential Breakout or Reversal
$Dow Jones(.DJI)$ declined -1% during the week, several components like $Walt Disney(DIS)$ -3.3%, $Wal-Mart(WMT)$ -4.0%, $Nike(NKE)$ -2.7%, $Visa(V)$ -3.1% reversed in consistency with overbought conditions and the whole index validated the resistance indicated in the chart at $44.8K.Since the index retraced from overbought conditions it’s worth watching if this is an early signal for the $S&P 500(.SPX)$ and $NASDAQ 100(NDX)$ , both mostly favored by the tech sector, specially semiconductors. The
Dow Jones Faces Key Resistance, Squeeze Signals Potential Breakout or Reversal
Dollar on the Cusp: Seasonality Coming in April? (Overbought & Indecision)
$USD Index(USDindex.FOREX)$ on the Cusp: Seasonality Coming in April? (Overbought & Indecision) So far, the seasonality has worked out for $DXY in 2024, rallying between January and March. April is typically a month for the USD to decline, wether if the trend is analyzed from 1970 or from 1999.Image
Dollar on the Cusp: Seasonality Coming in April? (Overbought & Indecision)
NVDA contributing 3.58% to the S&P 500's total market value
The graph illustrates the variation in the $S&P 500(.SPX)$ 's total market value, a reliable indicator of SPX's returns.The modest market value rise is 9.16% year-to-date, with $NVIDIA Corp(NVDA)$ contributing 3.58%—equivalent to 39% of the S&P 500's gain.Additionally, $Amazon.com(AMZN)$ $Microsoft(MSFT)$ $Meta Platforms, Inc.(META)$ collectively contribute 1.41% to the S&P 500's gain YTD, representing 15%.Four stocks contribute to 54% of the S&P 500's gain YTD, despite accounting for 19% of the total market capitalization for the S&P 500.NVDA ’s Fundamentals
NVDA contributing 3.58% to the S&P 500's total market value
NDX: The breakout is bullish
$NASDAQ 100(NDX)$ : The breakout is bullish and set a signal that as studied last Wednesday is good for the next months, and as also studied, sometimes the price triggers bullish signals before a healthy pullback occurs.For whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here：Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉💰CBA Mini Course 1: What is Cash Boost Account(CBA)?
NDX: The breakout is bullish
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