NVDA PULLBACK COMING
NVDA pullback to multi-year support line is coming. This is inevitable. They only have 3 major customers: MSFT, GOOG, META. They will eventually slow down spending.
Comment
Too many traders trying to short. The number of boosts on this post confirms this. Panic short covering. Potential breakout on major indexes QQQ, SPY, SOX is in progress. Nobody really knows if it is a whipsaw. It may last or it may not. It is better to enter short positions on extreme RSI's on daily chart, second or third ridge for the highest probability short trade. CNN has shifted the tune and now talks about Trump gaining on Harris, this may be pushing the market higher. The indexes are overdue for correction, so it will happen, but in the meantime short sellers may lose too much money unfortunately.
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