Critical Week in US Markets: Fed Minutes, Data, and Nvidia Earnings

NVDA declined 2.86% over the past 24 hours to 162.82, with an RSI of 37 indicating weak momentum but nearing oversold territory. MACD is in negative territory and the price is below both the SMA20 and SMA50, pointing to a short-term downtrend. The news headline does not offer a direct new catalyst; Nvidia's earnings create uncertainty and the Fed minutes could increase macro volatility. Given the cautious stance ahead of earnings and the weak technical picture, direction is unclear with slight downside risk. In the short term, 160 should be watched as support and 167 as resistance.

The SPX closed at 7,560, up 0.72% on the day, but the RSI at 49 places it in neutral territory and the MACD is negative below its signal line. The price sits slightly below the SMA20 and above the SMA50, with a sideways, range-bound picture prevailing in the short term. The news flow (Fed minutes, economic data, Nvidia earnings) carries high uncertainty and volatility potential; direction is unclear. I therefore view the 1-3 day outlook as neutral, with sharp moves possible depending on earnings and Fed messaging.

The news headline does not provide a clear direction; high-impact events such as the Fed minutes, macroeconomic data, and Nvidia's earnings could increase volatility throughout the week. The technical picture is mixed: the price is below the 20-day SMA but above the 50-day SMA, the RSI at 47 is neutral, and the MACD is negative below the signal line. Although the 1.1% rise over 24 hours suggests a short-term recovery, momentum is weak. Therefore, the direction is uncertain; a cautious neutral stance is appropriate due to event risk.