Saxo Market Call Friday gave us a line in the sand ahead of Nvidia earnings
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Nov 17, 2025 Risk sentiment took a hit last Friday, setting a crucial line ahead of Nvidia's earnings report. Technical analysis reveals key levels for Nasdaq and S&P 500, while Bitcoin faces critical Fibonacci support. The podcast discusses three potential outcomes for Nvidia's earnings and how U.S. Treasury yields might affect equities. Additionally, market reactions to retail earnings and Japanese yield fluctuations are explored, alongside the intriguing dynamics of risk-off behaviors and implications for currency markets.
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Tech And Crypto Show Short-Term Resilience
- Nvidia showed a piercing line candlestick after a sharp sell-off and rebound, hinting at short-term technical resilience.
- Bitcoin also tested a key Fibonacci level and survived a brief sell-test tied to Thiel's 13F news.
Critical Index Support Levels To Watch
- Key Nasdaq and S&P support levels are spelled out: Nasdaq 24,200/24,000 and S&P 6630–6650 with 6550 beneath.
- Breach of those levels opens the path to a much larger consolidation or sell-off.
AI Basket Shows Stability Despite Volatility
- The AI-themed 24-stock basket ended essentially unchanged on Friday despite intraday volatility.
- Oracle held its 200-day moving average, marking an important support for AI-related skepticism narratives.