$NDX Daily Chart: 50DMA Support, 5DMA Resistance
$NASDAQ 100(NDX)$ - Daily Chart:
Price action is trying to stay above the 50DMA, and at the same time the 5DMA set resistance today.
Also as key support, $19464 acted as a bouncer today as zoomed in the 2H chart. That level mentioned yesterday makes the difference between gap fill and bullish continuation.
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Nikkei - Daily Chart:
The consolidation continues for this index.
10DMA continues in support mode.
Will SPX mirror it once again?
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Once again, $S&P 500(.SPX)$ mirrored the Nikkei
Call it coincidence, because there are many differences between the two indexes, but both are consolidating after a V shaped bounce.
Regarding SP500, the current area is building volume constructively, and the chop around $5609 was expected ahead of the $NVIDIA Corp(NVDA)$ earnings.
So the key element to watch is Nvidia. Will it rally or crash after ER?
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https://x.com/SmartReversals/status/1828527605278220681
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