All articles tagged with #200 day moving average
U.S. stock futures edged lower on Monday as warnings about Iran weighed on sentiment, extending major indices' fourth straight weekly decline; Nasdaq-100, Dow, and S&P 500 futures fell roughly 0.46%, 0.39%, and 0.28% as oil prices rose and the S&P 500 slipped below its 200-day moving average ahead of CPI, PCE data, and a key consumer sentiment read.
Nvidia’s stock (NVDA) has fallen below its 200-day moving average after the GTX/GTC event, a bearish signal as investors fret about AI spending; the company still touts AI growth with projected data-center revenue from its Blackwell and Rubin lines through 2027, but traders question whether the AI rally can sustain momentum.
U.S. stocks hovered near the S&P 500’s 200‑day moving average (about 6,615) with Wednesday’s close around 6,625, as the 6,600 level has been tested multiple times. BTIG’s Jonathan Krinsky warned a break could push the index toward 6,000 and potentially trigger a 10% drop, while the Dow and Nasdaq also slipped below or near their moving averages; oil climbed on regional tensions and Micron’s after‑hours weakness underscored continuing tech‑sector risk.
Natural gas failed to hold support at the 50-Day MA and instead tested the 200-Day MA as support, completing a 61.8% Fibonacci retracement and nearing the target for an extended declining ABCD pattern. The weekly chart shows support at the 50-Week MA, indicating potential for the current correction to complete. The price action suggests a failed upside move, with the long-term trend indicator, the 200-Day MA, being closely watched for signs of strength. A successful test of the 200-Day MA as support could signal a bullish reversal, while a break below 2.65 may lead to increased uncertainty and a potential decline to the next Fibonacci level at 2.48.