$NVDA Gap Magnet + Reclaim $170 = Bounce Confirmation
Markets are at extreme oversold levels.
$NDX and $SPX MFI signals historically trigger relief rallies, while $NVDA below its lower Bollinger Band points to mean reversion.
A tactical bounce is likely, pending key level reclaim.
1. $NASDAQ 100(NDX)$
Over the last 25 years, a relief rally has followed when the Money Flow Index reached current levels.
There have been no exceptions, including the dot-com bubble in 2000, the 2008 Financial Crisis, and the 2022 bear market. The current reading is below the 2025 lows.
2. $S&P 500(.SPX)$
The Money Flow Index is at significant lows, suggesting a tactical bounce is nearby as analyzed since 2000.
Black arrows highlight relief bounces even in bear markets. While major bottoms have also followed (2023), the price must recover key averages to consider a shift.
3. $NVIDIA(NVDA)$
Price closed below the lower Bollinger band; it usually returns to the range immediately, as seen even in the April 2025 flush.
A gap down tomorrow would act as a magnet. For validation, price must recover 168.5 tomorrow, and ideally $170.
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