Consolidation Heading into Presidential Election
NVDA was clearly a market leader today posting 4%+ gains. Looking at the overall structure I am anticipating a broader market sell-off / accumulation heading into the presidential election (topping next week on Tuesday or Wednesday 10/1 or 10/2).
My best guess is that we bottom for the break out of this pennant pattern after October's monthly options expiration. Seeing as the monthly volume is declining, I am also anticipating an inside candle to end the month of September as well as October.
My best guess is that we bottom for the break out of this pennant pattern after October's monthly options expiration. Seeing as the monthly volume is declining, I am also anticipating an inside candle to end the month of September as well as October.
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