SPX Daily Chart - The decline was well expected
$S&P 500(.SPX)$ The decline was well expected considering all the analysis shared during the weekend.
The move doesn't seem complete, 10DMA is a minimal destination and the candle is not bullish.
The healthy pullback was delayed two weeks by the AI euphoria, and $NVIDIA Corp(NVDA)$ 's daily candle shows bearish conviction.
$SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $Vanguard Total Stock Market ETF(VTI)$
Nothing is impossible, but seasonality doesn’t favor it. And it needs a multi-week move.
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https://x.com/SmartReversals/status/1805346284251005425
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