Things were looking quite bullish this morning and still could be, but we're seeing a spike in volatility here leading into Powell's speech. I think it could easily go either way. Very simple trade idea for NVDA. It's right at support and I doubt it stays here for long.
Whichever direction it chooses, NQ will likely follow. I'm sort of getting a bad feeling for bulls, but that's just a feeling. Closing positions and waiting for Powell. Looks like we're gearing up for a big move, which is not what I expected so maybe not. I wouldn't think Powell is going to say anything significant, but being cautious just in case.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.