NVDA: So far -1.7% this week
$NVIDIA(NVDA)$ : So far -1.7% this week.
Opinions were fragmented on Sunday, but the most voted segment was bearish.
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The $S&P 500(.SPX)$ was rejected at the 20 DMA for the second consecutive day and has now touched the lower Bollinger Band twice in the last three sessions. One more touch could cause the band to slope downwards.
Meanwhile, the $Cboe Volatility Index(VIX)$ jumped 9.4% to close at 20, a meaningful move setting the stage for a pullback.
Stock chart displaying SPX daily candlestick prices from January to October with green and red bars indicating gains and losses. Blue line represents 20 MA, orange line 50 MA, and gray bands show Bollinger Bands. Lower panel graphs VIX levels in blue line with values up to 30. Text overlays include SPX at 5746.20, VIX at 19.81 up 9.4 percent, and S/R watermark in white.
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