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Nvidia is looking like it’s in trouble even as the S&P 500 overcomes obstacles

1. S&P 500 finding support near 6,340-6,360 despite historical September weakness. 2. Negative internal indicators present, but SPX chart remains bullish overall. 3. Mixed signals from market breadth lead to cautious optimism for SPX. 4. Recent historical volatility shows slight bearishness, but indicators improving. 5. New highs on NYSE outnumber new lows, supporting potential bullish trends.

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FAQ

Why Bullish?

The S&P 500 shows strong support levels and mixed sentiment indicators. Historically, positive trends can emerge when volatility is managed.

How important is it?

The analysis highlights both bullish and bearish signals which will significantly affect trading strategies for the S&P 500. Recent performance trends provide insights into potential market movements.

Why Short Term?

The fluctuations in internal indicators suggest adjustments may be needed in the next few weeks. The nearing all-time highs can spur immediate trading interest.

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