SPX Daily Chart - The 5DMA was broken momentarily, but price bounced quickly
$S&P 500(.SPX)$ The 5DMA was broken momentarily, but price bounced quickly maintaining the very short term active.
One of the reasons I've mentioned that a healthy pullback is expected is the divergence between price action and McClellan oscillator which continues moving down after finding rejection at 70.
$Cboe Volatility Index(VIX)$ bounced, consistent to the FED minutes reaction, anyway it war rejected exactly at 12.95, a key level mentioned during the weekend.
The final reaction to $NVIDIA Corp(NVDA)$ earnings will confirm direction after several choppy days, that as of yesterday it suggested northbound direction.
$SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $iShares Russell 2000 BuyWrite ETF(IWMW)$
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https://x.com/SmartReversals/status/1793376999505092789
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