$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.
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