{"id":23073,"date":"2025-05-28T06:11:17","date_gmt":"2025-05-28T06:11:17","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=23073"},"modified":"2025-05-28T06:11:17","modified_gmt":"2025-05-28T06:11:17","slug":"sp500-holds-steady-ahead-of-nvidia-earnings","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/sp500-holds-steady-ahead-of-nvidia-earnings\/","title":{"rendered":"SP500 Holds Steady Ahead of Nvidia Earnings"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image_fx_-2025-03-25T164602.009-1024x559.png\" alt=\"\" class=\"wp-image-19214\"\/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The SP500 peaked at 5934.70 on Wednesday after rebounding from a low of 5855.05, with technical indicators showing consolidation ahead of a key earnings catalyst.<\/li>\n\n\n\n<li>Nvidia is forecast to report a 66.2% revenue surge to $43.28 billion, with markets bracing for a potential breakout or pullback depending on the results.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>The S&amp;P 500 index hovered just below 5930 on Wednesday, trading flat after an earlier recovery from a low of 5855.05, as traders took a cautious stance ahead of Nvidia\u2019s closely anticipated earnings report. The 15-minute chart shows price action tapering into a narrow range between 5922 and 5934 in recent sessions, with momentum indicators like the MACD showing a softening of upward drive.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Dow, S&amp;P 500, Nasdaq futures hold steady with all eyes on Nvidia earnings <a href=\"https:\/\/t.co\/7QrN48H8Iw\">https:\/\/t.co\/7QrN48H8Iw<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1927521621889233069?ref_src=twsrc%5Etfw\">May 28, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>After Tuesday\u2019s rally, which saw Nvidia shares jump over 4% on expectations of <a href=\"https:\/\/t.co\/yU4rR9Dakp\" target=\"_blank\" rel=\"noopener\" title=\"\">strong AI-driven results<\/a>, sentiment in equity markets grew tentative. Traders are now watching for confirmation that Nvidia can deliver on lofty expectations \u2014 LSEG consensus data suggests a 66.2% rise in first-quarter revenue, to $43.28 billion.<\/p>\n\n\n\n<p>In broader markets, <a href=\"https:\/\/t.co\/mOjavThOpC\" target=\"_blank\" rel=\"noopener\" title=\"\">U.S. consumer confidence<\/a> posted a surprise upside reading, helping support the dollar and adding pressure to equity multiples as bond yields stabilised. The <a href=\"https:\/\/t.co\/j2LurI0k2C\" target=\"_blank\" rel=\"noopener\" title=\"\">dollar index<\/a> rose another 0.25%, extending Tuesday\u2019s 0.6% rally, with the euro slipping to $1.1304. Long-end Treasury yields paused after a recent surge, offering temporary relief to equity traders focused on valuation sensitivity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>The SP500 rebounded sharply from the <strong>5855.05<\/strong> low on 27 May, surging over 80 points to test resistance near <strong>5934.70<\/strong> in early 28 May trading. The recovery was driven by a series of strong bullish candles with price action lifting above all three moving averages (5, 10, 30), signalling short-term bullish momentum. However, the rally stalled near the prior peak, with price now consolidating just below resistance.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-32-1024x438.jpg\" alt=\"\" class=\"wp-image-23074\"\/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: SP500 rallies from 5855 to 5935 peak before stalling; momentum fades near resistance as bulls pause, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The MACD shows waning bullish momentum, with histogram bars shrinking and the MACD line approaching a potential bearish crossover. If support at <strong>5920<\/strong> holds, a second leg higher is possible. Otherwise, a break below the 30-MA could expose the <strong>5900\u20135890<\/strong> region for a retest.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>A breakout for the SP500 hinges squarely on Nvidia\u2019s results. Strong numbers may trigger a bullish extension toward 5950\u20135970, while a miss could see a pullback below 5900. With bond volatility easing and economic data holding firm, short-term downside risk appears limited \u2014 but the upside will need a catalyst. Caution remains the dominant tone for now.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*1azgbap*_gcl_au*NjE5NTE3MjY4LjE3NDQ2MDA3NDI.*_ga*MTY4OTgwNTU5Mi4xNzM2NzQ2MTgy*_ga_J26NL1ZVX7*czE3NDQ5NDQ0NTYkbzEyMCRnMCR0MTc0NDk0NDQ1NiRqNjAkbDAkaDA.\">start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Traders adopt a wait-and-see stance before Nvidia results, as bond jitters ease and U.S. economic optimism buoys the dollar. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":19214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[11,69],"class_list":["post-23073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-indices","tag-sp500"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/23073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=23073"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/23073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/19214"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=23073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=23073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=23073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}