$SPY Holds Key Demand While $NOW Flashes Bullish Reversal Signals

SmartReversals
05-19

1. $S&P 500(.SPX)$

Dip buyers jumped in close to the 7,360 daily demand zone.

The candle suggests a bullish reversal, the MACD crossover indicates the trend is switching, making further decline likely. The gap at 7,273 is a must-watch zone.

Received two questions in different platforms -> to clarify: The bearish MACD suggests the bullish trend is switching. $SPDR S&P 500 ETF Trust(SPY)$

2. $ServiceNow(NOW)$

It's now or never for ServiceNow. Reversal signs are accumulating, and the price action remains structurally bullish above 92.4.

$iShares Expanded Tech-Software Sector ETF(IGV)$ $Salesforce.com(CRM)$ $Adobe(ADBE)$ $Invesco QQQ(QQQ)$


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