$SPX - The 5DMA was breached
$S&P 500(.SPX)$ - The 5DMA was breached and 10DMA is trying to hold price:
Price bounced at the $5575 zone, which in confluence with the moving average is providing support.
The index finally divorced from the Nikkei, and the negative reaction to the $NVIDIA Corp(NVDA)$ earnings report suggests that a gap fill at $5464 is likely.
is it the end of NVDA? of course not, there are many fundamental factors, +122% revenue growth and $50B buybacks are something to consider bullish.
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$
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https://x.com/SmartReversals/status/1828898538845286600
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