Markets starting to realize overly optimistic rate cut bets are off the table. Now the AI optimisim is about to be tested too with
NVDA earnings tomorrow.
SPX is at a critical stage. I will not say it will fall but the risk for the downside are increasing as the massive bearish wedge formation is being tested. Careful fellow traders.
Trade closed: stop reached
Nvidia saves the day :)Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.