$NVIDIA(NVDA)$ - 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

$S&P 500(.SPX)$ 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. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$

$NVIDIA(NVDA)$ - 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. $Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $Vanguard Total Stock Market ETF(VTI)$

$NVIDIA(NVDA)$ - 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

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

$NVIDIA(NVDA)$ - 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

$S&P 500(.SPX)$ - 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