$NVDA - Will the 20DMA Support Price Again?
$NVIDIA Corp(NVDA)$ - Will the 20DMA Support Price Again?
There is a clear sequence of higher lows, the initial bounces occurred at the lower Bollinger band, the next three at the 20DMA zone. The difference today is the oscillator just starting its decline⚠️.
Will that 20DMA hold the entire market? Check the previous posts for $.SPX(.SPX)$ and $Invesco QQQ(QQQ)$ 💚.
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$.SPX(.SPX)$ - 20DMA or Lower Bollinger Band?
As anticipated last week, once the higher Bollinger band is breached, there is an inverse reaction; it started in slow-motion, and then it accelerated as it happens with overextensions. All eyes on the 20DMA, if breached, the lower Bollinger band is the next destination. (The 50DMA has been only decorative during the last months)
The oscillator suggests the move has not finished, and the daily candle is bearish.
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$Invesco QQQ(QQQ)$ - 20DMA Breached by a Bearish Candle Validated by Volume - Pain Ahead Guaranteed?
Same as SPX, big tech is coming to the Bollinger range (see previous chart) but the the 50DMA zone has acted as support here. The oscillator says the direction is southbound, but there is a timeframe that suggests for SPY and QQQ: "Don't Short Blindly with leverage or instruments with quickly meltdown"
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