Markets needed it and didn't get it lol (correction hinted at in a lot of my charts updates)
But if that isn't a double top / "M" on Semi's then consider me Miles Davis...
This should not be ignored the same way the bull market in semi's wasn't ignored...
NVDA puts have A LOT of potential, seems to be plenty of downside risk the market currently isn't pricing in.
NVDA 100P 8/16s have 125k Open interest... They should cost around a $1.00 ($100) per contract today, I think if NVDA slips up again (this week or next if we get a couple bounce days) a sub 117 NVDA can fall fast to 110 then 100 with fear, if 100 Breaks = panic see NVDA $80... those 100P basically 20x... A path has been laid. For the 2 likes, I give you my morning thots...
-Proph
PS: They didn't price in the stonk split either which was easily forecasted imo and was check the chart history... Lastly, If by some miracle the markets hold up this week with some strong bounce and hold into next week... LONGS are back on the table boys!!! #HaveAPlan