Global Markets Diverge After Nvidia: US Futures Up, European Markets Under Selling Pressure

NVDA declined 5.6% over the past 24 hours to 166, with RSI at 36.6 indicating weak but near-oversold conditions. MACD is in negative territory and very close to the signal line; momentum is weak but a new breakdown signal is not yet clear. The price is below SMA20 (169.6) and SMA50 (181.2), with the short-term trend downward. The news headline presents a mixed picture: U.S. futures trading higher support the possibility of a recovery, while selling pressure in Europe limits risk appetite. Therefore, in the 1-3 day outlook, a sideways-choppy session is expected, with limited rebound buying if support around 165 holds; directional uncertainty is high.

The divergence in direction across global stock markets following Nvidia indicates that risk appetite is not homogeneous. While U.S. futures trading higher preserves technology-focused positive sentiment, selling pressure in Europe points to regional vulnerabilities. This divergence produces a mixed signal for emerging markets and Turkey; selective moves may be seen in technology and exporter stocks on the BIST. In the short term, broad market direction is uncertain, and volatility may remain relatively high.

The NDX rose 1.66% over the past 24 hours, closing above both its SMA20 and SMA50, indicating a positive short-term trend. The RSI stands at 55, well away from overbought territory, while the MACD, though slightly below its signal line, remains in positive territory. The news headline points to US futures trading higher, suggesting a buying bias at the open; however, selling pressure in Europe and post-Nvidia divergence are creating uncertainty. Therefore, while I see the direction as upward, I am keeping confidence at a moderate level; volatility can be expected over a 1-3 day horizon.

US futures are rising following Nvidia's results, while European markets are experiencing selling pressure. Although STOXX has gained 0.73% in the past 24 hours, its MACD is below the signal line, indicating short-term downside pressure. The RSI stands at 63.5, so it is not in overbought territory, but the negative direction of the MACD poses a risk. The SMA20 being above the SMA50 provides long-term support, but in the short term, pressure in European markets could be influential. Therefore, STOXX is likely to experience a slight decline within 1-3 days.