Major U.S. stock indexes rebounded

SmartReversals
11-28

1. $.SPX(.SPX)$ - As long as price remains above the 5DMA the trend is intact, anyway it's worth watching the bearish Stochastic crossover brewing.

Looks like $6,009 was the short term bullish target before forming a weekly doji?

We will learn in a few days.

$NVIDIA Corp(NVDA)$ suggests a bounce is brewing for semis.

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2. $Invesco QQQ(QQQ)$ : Bounce at the 20DMA but the 5DMA was lost and a bearish Stochastic crossover was confirmed.

Price action can be choppy in Thanksgiving week, $501.8 has to stay in support mode until Friday.

3. $iShares Russell 2000 ETF(IWM)$ : Daily Shooting star on Monday, one more today.

Bearish Stochastic crossover imminent.

4. $.DJI(.DJI)$ : Another daily shooting star type in the market, a bearish Stochastic crossover imminent, and most importantly, RSI declining after reaching 70.

5. $Cboe Volatility Index(VIX)$ : Daily inverted hammer

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  • Nick2862
    ·11-28
    thanks foe sharing
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  • AuntieAaA
    ·11-28
    Good
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  • KSR
    ·11-28
    👍
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