Matteo Stracciari
πŸŒ… 𝐌𝐨𝐫𝐧𝐒𝐧𝐠 𝐁𝐫𝐒𝐞𝐟- πƒπžπœπžπ¦π›πžπ« πŸ—, πŸπŸŽπŸπŸ“ Good morning everyone, Markets remain resilient despite being in full waiting mode. Everyone knows what the real catalyst is right now: the upcoming FED rate decision. Until that card is on the table, price action is cautious, controlled, and technical levels matter more than headlines. A great visual representation of this phase is $NVDA. The stock is pressing right into its 50 Daily Moving Average, which is currently acting as resistance. This is one of those levels that separates hesitation from continuation. A clean break above the 50 DMA, followed by a successful flip into support, would be a strong confirmation that the market is ready to inject the next leg higher. Not just for Nvidia, $MSFT (Microsoft) , $GOOGL (Alphabet Inc Class A) and the other Magnificent 7, but for whole market sentiment more broadly. Until then, this is still a market of positioning, not chasing. Patience is being tested again.
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