Close of the week, we saw buyers step in, as the SPY hit key interest levels, in the form of its anchored VWAP from the August 'crash' and the medium term moving average. Gap filled as well. The channel bounce, activates the lower boundary as support as well.These levels MUST hold!. Next week will be a big week.
NVDA looking set to test the lower boundary of its Fibonacci Channel off the 2022 lows. $130-$125 should be monitored, if weakness persists. If price clears $125, $97.50-$90 next zone of interest. Lets see how it plays out, bouncing off the lower boundary would be perfectly normal and new all time highs a high probability. Lets see how it plays out.
