The S&P 500 just broke below its short-term descending channel — confirming selling pressure is building. High-valuation tech and AI names like 
NVDA, 
MSFT, 
GOOGL, 
MU, and 
PLTR are leading the pullback as investors rotate out of crowded trades.
Macro headwinds — Fed uncertainty, stretched valuations, and global weakness — are weighing on sentiment. Near-term bias stays bearish unless
SPX can reclaim 6,850.
NVDA, MSFT, GOOGL, MU, and PLTR are leading the pullback as investors rotate out of crowded trades.Macro headwinds — Fed uncertainty, stretched valuations, and global weakness — are weighing on sentiment. Near-term bias stays bearish unless
SPX can reclaim 6,850.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Related publications
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.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Related publications
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.