Wall Street futures rise after a tough week; Nvidia unsettles investors

The NDX dropped sharply by 4.5% over the past 24 hours to 26,977, with its RSI at 34.7 approaching oversold territory; rebound buying is common in such declines. Rising futures signal a short-term recovery, but Nvidia-related unease could cap upside in the tech-heavy index. MACD remains in negative territory and the price is below both SMA20 and SMA50, indicating a weak trend. Therefore, while a moderate rebound rally appears likely within 1-3 days, confidence is low; volatility should be expected after the sharp selloff.

NVDA fell sharply by more than 10% in 24 hours to 186.68 and is trading below its SMA20/SMA50; the short-term trend is weak. With RSI at 35.9, it is approaching oversold territory, while MACD is in negative territory and slightly above the signal line, indicating that downside momentum has slowed somewhat. Although the news headline points to a recovery in Wall Street futures, investor unease specific to Nvidia could put pressure on the stock. Therefore, in the 1-3 day outlook, the possibility of a partial recovery through bargain hunting and continued selling pressure are balanced; confirmation is needed for a clear direction. Confidence level is low-to-medium.

GOOGL has risen 1.5% over the past 24 hours, yet the price remains below the SMA20 (287.37) and is trading close to the SMA50 (285.59). The RSI at 46 is in neutral territory, while the MACD is negative but above its signal line, indicating a mild recovery tendency. News flow points to gains in Wall Street futures, while Nvidia-related unease could create volatility in the technology sector. GOOGL is not directly exposed to the Nvidia news, but sector sentiment may be a limiting factor. In the short term, I expect a sideways, range-bound positive trend; sustained trading above 285.6 would support the upside.