Market fakeout: Nvidia rally fades as US Stocks reverse

[Ben Graham]

A sharp reversal wiped out the ecstatic momentum from the open, bringing worrying signs back into the markets.

Traders are starting to fade Nvidia’s earnings reaction after Nasdaq hits the top of the Daily Pivot zone highlighted in our Morning in-depth analysis.

Most Read: Nasdaq rebounds: Nvidia (NVDA) earnings beat ends AI winter fears

With no major headlines driving the shift, the market seems increasingly concerned about renewed hawkish repricing from the Fed.

Now the question is whether rangebound action takes over or if new highs or lows trigger further sharp continuation.

Confusion is definitely in the air.

Here’s a look at a few US index intraday charts — not a pretty picture right now.

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US Equity Heatmap (12:13 A.M.) – November 20, 2025 – Source: TradingView

What a reversal!

Nasdaq 1H Chart

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Nasdaq (CFD) 1H Chart. November 20, 2025 – Source: TradingView

Dow Jones 1H Chart

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Dow Jones (CFD) 1H Chart. November 20, 2025 – Source: TradingView

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Nvidia (NVDA) 1H Chart. November 20, 2025 – Source: TradingView

Safe Trades!

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