SPX Daily: New Highs & Key Support
$S&P 500(.SPX)$ - Daily Chart:
The scenario A is the one in play: New highs recovering an oversold RSI.
5 DMA is carrying the trend in confluence with a key support level: $5611.
Stock participation is changing. Breadth was mentioned in the latest Weekly Compass as something to watch (access in bio).
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$
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$NVIDIA Corp(NVDA)$ and $Microsoft(MSFT)$
20DMA
That's it.
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https://x.com/SmartReversals/status/1812962113129746898
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