Nvidia (NVDA) stock📉 falls to $170 as Jensen Huang’s affair with alleged Chinese spy drags the stock lower. Nvidia was removed from Bank of America’s US 1 list of top stock picks on Tuesday.The stock has plunged📉 more than 30% from its all-time high, wiping out more than $1.7 TRILLION in market capitalization.

US500 4 HOUR (CFD): 7500 remains a focus
US500 post-CPI dipped to 7486 and recovered back above 7500.
The bounce needs to clear 7576 to put the descending trendline back in play.
Below 7486, focus would shift to the rising trendline and then 7348.
Test for stocks is whether they can withstand the headwind fron rising bond yields.

NAS100 (NASDAQ) 4 HOUR (CFD): Relief rally or more to it?
The bounce from the 26638 (red line) higher low so far stalled above 28000 as the descending trendline held.
On the downside, break of the trendline drawn off higher lows and 26638 would be needed to expose the 26244 swing low.
Otherwise, to make it more than a relief rally where 28336 resistance that preceded the 26244 low is the key level to break to challenge the downtrend.

Forex Marketr Snapshot
It has been a reaction to news is what matters day that saw the USD rebound following hawkish comments by Fed’s Waller.
What caught my eye is EURUSD, still an outperformer, slipping back to around unchanged after failing just above 1.1250 and USDJPY printing 158 fror the 7th day in a row.
Next up: US CPI

US500 (SP500) DAILY: The case for a bottom
The pause 3 points above key daily support at 7292 (July 29, 2026 low) makes a case for the low being in but, as noted earlier, only confirmed if the lower 7717 high is taken out.
Next step would be to break 7556 (61.8%) to neutralize thoughtrs of a retracement. If not, then 7500 will be pivotal.

XTIUSD (WTIUSD) 4 HOUR (CFD): Key support briefly broken
Broke support at 89.56 (on this CFD chart), but the push below 87.19 stalled at 86.59.
A sustained break below 87.19, followed by a fresh low below 86.59, would put 80.00 in play as a potential downside target.
On a bounce, 89.56 is first resistance.


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