According to Omkar Godbole, recent weekly price action in major markets shows critical reversal signals: NVDA (NVIDIA) formed a weekly Doji, indicating potential indecision or market top; the US Dollar Index (USD) experienced a failed breakout, pointing to possible weakness; the Dow Jones (Dow) displays a triple top pattern, which often precedes downward moves; and E-mini S&P 500 futures (ES, SPX) posted a bearish engulfing weekly candle, suggesting a reversal may be underway. These technical signals are closely watched by traders as they could impact equity and crypto markets by altering risk sentiment and capital flows. Source: Omkar Godbole

According to The Kobeissi Letter, the Dow has experienced a significant decline of over 1500 points, while the S&P 500 has dropped by 4.3% in a single trading day, indicating heightened market volatility and potential impacts on investor portfolios.