$SPY Nearing Capitulation Levels as $NDX Tests Critical 200DMA Support

Market indicators suggest the selloff may be approaching a timing bottom, with $SPY money flows nearing levels seen during past crash periods.

Meanwhile, $NDX is sitting at a critical support confluence near the 200DMA, where a breakdown could accelerate downside momentum.

Among the Magnificent Seven tracked by $MAGS, only $GOOG, $AAPL, and $NVDA remain above their key long-term trend support.

1. $SPDR S&P 500 ETF Trust(SPY)$

The money flow is nearing bottoming levels seen during the 2018, 2020, 2022, and 2025 crashes.

A bottom is near in terms of time, not necessarily in the magnitude of flush. A bounce must be sustained in short and long term.

See the local bottom of March 2022 for context.

2. $NASDAQ 100(NDX)$

Price closed Friday at a critical juncture, a confluence of the lower volume shelf and the 200DMA.

A breakdown here could trigger an "elevator down" to $24K, with $23K acting as the secondary strong support zone. -1.5% and -5% respectively.

3. $Roundhill Magnificent Seven ETF(MAGS)$

From the Magnificent Seven, only $Alphabet(GOOG)$ $Apple(AAPL)$ $NVIDIA(NVDA)$ are above their 200 daily moving average.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.