It's hard to visualize a pullback right now with $NVDA and $AAPL

SmartReversals
09:14

It's hard to visualize a pullback right now with $NVIDIA Corp(NVDA)$ and $Apple(AAPL)$ in the green.

Anyway, not everything looks great as of 2PM, $Microsoft(MSFT)$ $Amazon.com(AMZN)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ are fighting to stay above their 10DMA.

$NASDAQ 100(NDX)$ is challenging the patience of many traders, while $SPDR S&P 500 ETF Trust(SPY)$ bounced from its 10DMA.

The Market is pricing less fed cuts During the last weeks, the forecast changed nearly 100bps.

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$iShares Russell 2000 ETF(IWM)$ - Consolidations are very common when price reaches overbought levels relative to the higher Bollinger band and/or Stochastic oscillator.

Both conditions were reached last week.

Usual destination? The lower Bollinger band.

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  • SloanDogMillionaire
    ·10:13
    Feels a little like the lul before the storm - But unsure exactly what storm we she be looking out for most. Interesting times.
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  • VivianChua
    ·12:09
    Nice💚💚💚
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