NDX, SMH & NVDA Daily Chart
1. $NASDAQ 100(NDX)$ - Daily Chart:
The oscillator is not in overbought zone, which has been a condition preceding the previous two pullbacks.
Overbought condition relative to Bollinger Bands has also preceded pullbacks the recent pullbacks.
Will this time be different?
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2. $VanEck Semiconductor ETF(SMH)$ - Daily Chart:
The previous bounce from the lower Bollinger Band neared the higher one; If the 20DMA is conquered🟡, that would be likely.
Stochastic is bouncing from oversold position🟢, and the MACD has started a bullish crossover🟢.
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3. $NVIDIA Corp(NVDA)$ - Daily Chart:
Doji candle at the 20 DMA.
The Stochastic says there's space to move up before reaching overbought levels.
The complete analysis with other indicators, key S/R levels and the weekly timeframe was published in the Weekly Compass 💚.
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https://x.com/SmartReversals/status/1834959454376210786
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