SPX Market Insight - 2025-12-05
12/6/2025, 7:25:49 AM
2025-12-05
Market Status: NVDA is experiencing mixed signals with a slight bearish undertone. The stock is trading near its key EMAs with volatility.
Technical Indicators: MACD remains negative, with the histogram showing gradual contraction. RSI is hovering in oversold territory, suggesting potential for a short-term bounce.
Key Observation: Recent price action shows choppy trading between $179-$185, with buyers stepping in at lower levels but struggling to maintain momentum.
Trend: 🐻 BEARISH
Candlestick Pattern: Potential Bearish Harami (2025-12-03 to 2025-12-04 candles showing indecision)
2-Week Options: 📊 Long Put, Strike: 180, Expiration: 2025-12-19
Support: 🟢 177.00 (recent swing low on 2025-11-28)
Resistance: 🔴 185.66 (recent swing high on 2025-12-02)