Global Markets Focus on Fed Minutes and Nvidia Earnings

Nvidia shares fell 6.3% in the last session, with technical indicators pointing to weakening momentum. The RSI is approaching the oversold zone at 43, while the MACD remains negative below its signal line. The stock closed below both its 20-day and 50-day moving averages, indicating negative short-term momentum. Market focus is on the Fed minutes and Nvidia's earnings report, with uncertainty and cautious expectations potentially exacerbating the current technical weakness. The downtrend is likely to continue in the near term.

NDX fell 2.5% in the last 24 hours to 28,822. The RSI at 43.8 has dipped below the neutral zone, indicating short-term weakness. The MACD line is below the signal line and in negative territory, suggesting downward momentum. The price is trading below both the 20-day and 50-day moving averages, painting a negative technical picture. News headlines note that markets are focused on critical events such as the Fed minutes and Nvidia's earnings report; in this environment of uncertainty, the risk of continued selling pressure remains high.

The S&P 500 (SPX) is trading below its 20- and 50-day moving averages, indicating short-term weakness. The RSI stands at 41, suggesting continued selling pressure. The MACD line is below the signal line and in negative territory, confirming downward momentum. The 1.89% decline over the past 24 hours reflects market caution ahead of the Fed minutes and Nvidia's earnings report. Combined with uncertainty in the news flow, this technical picture suggests that the bearish trend may persist in the near term.