NDX Daily Chart: Tech Wobbles, But NVDA Holds the Line
Six out of the seven tech mega-caps declined today. However, $NVIDIA Corp(NVDA)$ bucked the trend, finishing in the green and helping to support the $NASDAQ 100(NDX)$ alongside other smaller-cap companies.
The blue line is a key level to watch. It acted as support today, and the daily candle formed a doji pattern. The RSI indicator is currently overbought at 81, a level not seen in several years.
Consolidation or a healthy pullback is still expected for the index... unless King NVDA continues moving up. $136 is a resistance between Troposphere and Stratosphere. Nothing is impossible for this rocket ship, right?
$NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2409(NQmain)$ $SPDR S&P 500 ETF Trust(SPY)$ $S&P 500(.SPX)$
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https://x.com/SmartReversals/status/1803170513264504895
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