NVDA Momentum Turns Up as SPX Tests Bullish Reversal Signal

SmartReversals
12-07 07:38

$NVIDIA(NVDA)$ : The move looks constructive; a bottom is likely in. The 20DMA rejected the price during the week, but once it is recovered, the volume shelf will act as a launchpad.

There is one oscillator mentioned in my pinned tweet that suggests bullish continuation, which one?.

$S&P 500(.SPX)$ : Candles with low wicks forming hammers or dragonflies have preceded bullish momentum, as candlesticks with upper wicks have preceded declines.

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