A technical look at the broader Nasdaq and S&P index, and follow up look at NVIDIA too

Nasdaq index is back above its 38.2% retracement at 13123. Staying above is more bullish:

S&P index back above its broken 38.2% retracement level. Staying above it will be more bullish with the 4335.3 area as the next target to get to and through.

Nvidia: Nvidia-based against its 100 day moving average for 5 consecutive days. Buyers were leaning. Today the price is moving away from that moving average level and testing the broken trend line near $432.58. Get and stay above is more bullish.See video from yesterday on Nvidia HERE.

This article was written by Greg Michalowski at www.forexlive.com. Source