$SPX Optimism Returns As $NVDA Still Range-Bound
Markets are showing early signs of a sentiment shift, with smart money turning optimistic even as broader fear remains elevated.
This divergence suggests the current bounce may have room to extend, but confirmation—especially through key technical breakouts like Nvidia’s—remains critical.
1. $S&P 500(.SPX)$
Smart money confidence is optimistic while dumb money is neutral. The Fear & Greed Index continues at Extreme Fear.
Green circles highlight increase in smart money confidence and bullish moves that followed. The bounce could have more fuel.
2. $NVIDIA(NVDA)$
The 20DMA has been rejecting price since March. The candle looks bullish, but volume is low.
It needs a breakout above the downtrend to show real conviction. If it clears that, the upper Bollinger Band becomes a target.
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