The futures were suggesting a consolidation
$E-mini S&P 500 - main 2406(ESmain)$ The weekly setup last Friday suggested a consolidation, price action indeed was choppy for two days and it had bullish resolution yesterday as analyzed here on X.
Respect the trend, that's why I set S/R levels and I study the Futures when there is a move in the less probable direction.
TNX fell yesterday while $NVIDIA Corp(NVDA)$ soared pre-split, those factors fueled the rally, let's see what comes.
Yesterday night the futures were suggesting a consolidation (candle above Bollinger Band and overbought oscillator), let's see if there is a move as the ones highlighted in the chart below.
All eyes on NVDA split, will it be like $Apple(AAPL)$ $Amazon.com(AMZN)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ ?
$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2406(NQmain)$
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https://x.com/SmartReversals/status/1798741444049383782
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