Nvda idea Looking to add some calls right here at gap fill . Or near it . RSI on the 2 hr is getting oversold . This could be a bounce but I think overall Nvda has turned bearish for the weeks to come
NVDA trade ideas
NVDA updateNVDA pivoted right where I had predicted fortunately for me, and QQQ is dropping in tandem. We are just starting to see the demand zone get hit, I would love to see a drop over the next week or two so I can add LEAP calls for future covered-call setups. A more bearish target is the red dashed lined around 94-95$.
Nvidia Major Bearish SignalWe have a major bearish signal after a new all-time high for the Nvidia Corporation (NVDA) stock.
We now know that NVDA is strongly related to Bitcoin and the Cryptocurrency market thanks to the graphic cards and chips they develop.
Any out of the ordinary action here can be used as a signal to either support or negate action in these related markets.
We see Bitcoin with bearish potential based on the fact that growth stalled completely and we have more than three months of sideways action accompanied by lower highs (bearish).
Now we have this development on the Nvidia stock, which supports a strong bearish move next week —a massive sell-off.
➖ NVDA produced a major bearish session, 20th of June.
(It hit a new ATH just to close full-red.)
➖ The next day we have a falling window with very strong bearish volume.
(These are powerful bearish signals).
➖ Junk-base also looks pretty bad with multiple days closing red.
As always, things can change on Monday but the chart is the chart, and the chart is saying, "Warning, major crash ahead!"
It wouldn't be surprising to see a drop here; prepare accordingly.
These bearish signal can become invalid if this stock moves up and close above 131 daily/weekly. If trading remains below this level, there is high probability of a major down-move.
Namaste.
Why Nvidia’s Monster $3T Valuation Poses a Threat to S&P 500Too fast Nvidia climbed the ladder of success and now the broad-based S&P 500 is at risk of getting sucked into a crisis if the chip giant were to trigger it.
Nvidia Value Takes Up 7% of S&P 500
Is Nvidia (ticker: NVDA ), the massive chip company, too big to fail? Shares of the juggernaut in the AI space have soared more than 160% this year and they show no signs of slowing down. That’s all great news for traders who enjoy the daily volatility and love watching billions of dollars slosh around as markets try to figure out Nvidia’s worth.
What markets have agreed on so far is that Nvidia is worth more than $3.2 trillion. The lofty price tag, however, comes with certain dangers. One such danger is that Nvidia makes up about 7% of the S&P 500. The broad-based Wall Street darling, packaged with 500 public companies , is valued at $46 trillion.
The danger isn’t too obvious now for obvious reasons. Nvidia is yet to give back (if it ever does, right?) some of its formidable gains. But there are signs already. Last Friday, this ratio of 93:7 tipped the S&P 500 into a loss just because the hulking size of Nvidia was too much weight on the stock index.
And because the markets aren’t allowing any breathing room and shares are always on fire, we can’t know the impact a crash in Nvidia could have on the S&P 500. But since the pendulum swings both ways, it pays to be prepared.
The Big Three’s Massive Weight
The tech-focused concentration of the S&P 500 doesn’t end with Nvidia. The two other companies that are also worth over $3 trillion each have the same weight on the equity benchmark.
Add Apple (ticker: AAPL ) and Microsoft (ticker: MSFT ) next to the AI chip maker and you’ve got a nice 21% chunk of the S&P 500 concentrated in three companies. In other words, that’s more than $10 trillion of valuation in total and it dominates the large-cap rankings .
What’s the common ground between all three? AI, more or less, with Apple playing catch up pretty fast.
“Why not pick on Apple then, if it’s the same market value?” Apple brings home more than $380 billion in revenue a year while Nvidia can only do $60 billion . Moreover, the iPhone maker has 2.5 times Nvidia’s trailing 12-month free cash flow.
Doomsday Scenario
A possible doomsday scenario in the artificial intelligence corner, every permabear will tell you, can trigger a rude awakening for investors and strip those giants off their record high valuations.
They actually had a moment of victory, although a brief one. In April, Nvidia endured its biggest drop since its recognition as the purest AI play out there. Shares erased more than 10% in the span of a few days. But before permabears had a chance to sip at their mezcal espresso martini and call it a day, Nvidia had bolted past the losses and into fresh record territory.
These days, it’s largely the same few stocks pumping and driving the gains across the indexes. That doesn’t sound like much of a diversification — the narrative pushed by passive investors who choose to shove some money into an index and do nothing. If the S&P 500 served as a diversification vehicle in the past, it certainly doesn’t look like it today.
Your Thoughts?
Will we see the AI bubble burst like the dot-com bubble of the 2000s? Or will Nvidia continue lifting the sea of stocks? Leave your thoughts below.
Froth coming off NVIDIAIt’s been a relatively quiet start to the week with US stock indices little-changed in early trade. There was a slight positive bias across most of the majors, although the tech-heavy NASDAQ was showing signs of weakness. Market darling NVIDIA was down again, with further evidence of additional profit-taking. Last Thursday the chip maker at the vanguard of generative AI shot up to hit a fresh record high above $140. But it subsequently reversed direction to close down on the day. It fell on Friday as well, and is weaker again this morning. At the time of writing it has lost over 12% from Thursday’s high. Some profit-taking seems entirely reasonable given NVIDIA’s meteoric rise. The stock was up over 180% this year alone. But if it continues to lose ground, then there’s a danger of contagion, with selling spreading to other big tech names. If that were the case, then the market could be in for a deeper and more protracted pull-back. Yet there are few indications that investors are even thinking along these lines. Bond prices are up, with the yield on the US 10-year Treasury Note around 4.25%, having pulled back from 4.62% last month. Meanwhile, stock market volatility, as measured by the VIX, remains near multi-year lows, even after rising around 10% from this time last month. This all suggests that investors are remarkably relaxed, as the S&P 500 and NASDAQ continue to make a succession of fresh record highs. Yet this could also indicate a high level of complacency, which runs the danger of taking everyone by surprise should a modest round of profit-taking develop into something more significant. This week is fairly light on data, so investors will focus on Friday’s Core PCE release, the Fed’s preferred inflation measure. There are also several Fed speakers who could influence short-term market direction.
Nvidia Nvidia is currently in what’s undoubtedly a bubble-like parabolic rise, while already printing a weekly bearish divergence.
BEAR thesis updateI may have stumbled on something huge, based on these charts, I see CRYPTOCAP:BTC pullback, AMEX:SPY pullback with some certainty on support.
BUT
I am certain on NASDAQ:NVDA peaking, and believe me me myself need to sell.
NVDA might head tomorrow(?)Support and Resistance Levels:
Support: Key support levels are around $126.95 and lower around $120.
Resistance: Resistance is seen near $130, and if the stock can break above this level, it might test higher levels such as $141.
The MACD (Moving Average Convergence Divergence) at the bottom shows a bearish crossover with the MACD line crossing below the signal line. This suggests potential bearish momentum in the short term.
Volume Profile:
The volume profile shows significant activity around $126.95 to $130, indicating this range is important for traders. High volume nodes around these levels can act as support or resistance.
Potential Scenarios:
Bearish Scenario:
If NVDA fails to hold the $126.95 support level, it might continue to decline towards the next support around $120. Further downside could see it testing levels around $110, depending on market conditions and volume.
Bullish Scenario:
If NVDA can maintain above the $126.95 level and move past $130 with strong volume, it could potentially rally towards $141, the next significant resistance level. A break above this level could indicate a continuation of the bullish trend.
Conclusion:
Given the current indicators and price action, NVDA might lean towards a bearish outlook unless it can reclaim and sustain above the $130 level. Monitoring the support around $126.95 and the MACD indicator closely will provide better insight into the stock's direction tomorrow. If the stock shows signs of strength and increased buying volume, it could potentially reverse the bearish momentum.
$NVDA $90 , THEN $75 BY NOVEMBERHere is the 10D chart on NVDA from an example that lead to an approximate 40% decline. We are currently at the same point on the chart in modern day time. Proceed with Caution. Refer to next post.
The retracement cool down period.I believe we have temporarily topped here with some heavy sell pressure from the past two trading days.
A 50% retracement from the gap up is 118.16 and 50% retracement from the bull run that started 19 April is 108.19. MACD is almost crossing. After the retracement I expect a sideways pattern like we seen from 8 March to 22 May.
NVDIA (Y24.P2.E1).Wave 5 doneHi Traders,
I think its due for a major ABC corrective wave.
The reaction sort of confirms it. 10% pullback .
I'm expecting it to find support at the 0.618 and maybe look for an AB= CD correction
All the best.
S.SAri
NVDA correcting to demandI posted this chart on another venue recent but forgot to post it here. I expect QQQ to correct alongside big tech for the next few weeks. This looks to a 105-108$ NVDA price, some of my experienced colleagues also call for 95$, but I expect the NVDA hype to pull buyers in a little sooner.
My Strategy:
-Since the stock split, I can now add LEAP long calls
-I will buy these on the dip and start selling covered-calls against them on green days 4% or more.
-I will exercise these contracts to purchase the shares at 80-90$ depending on the strike I go with next year or 2026
NVDA in monthly chart Hello
All you know that this symbol has become the most iconic instrument in the US stock market surprising all of us week by week. It is not impossible that two last movements were waves (I,II) and I,II of extensions. Technically there is not a reliable evidence that shows us a tiered trend for NVDA and it seems that we are in a long-term rally for this share. There might be corrections where you ca find proper opportunities to get in.
Thanks
NVIDIA taking the reigns #NVIDIA @1Month
Ratio wise, there are two upcoming S/R Gateways at $182 & $256 est. (future liquidity pools). The current structure status is that it’s climbing at a stable pace.
I suspect a correction is in order at this level as early buyers are in profit and are mentally feeling anxious from the fear of the unknown. Specifically with BTC prancing around with an element of surprise at this time.
A healthy correction to the $90’s +/- price zone will give retail an opportunity for a dip to restock.
There is no point to drive the price up too quickly IMO, retail will take their time to accumulate and ONLY then continue onwards to the gateways mentioned above.
Stock and Crypto market appetites are merging. What’s another 1.5x? Not a fantasy.
twitter.com
$NVDA 70% off the Top Sounds About RIghtAfter a sustained rally away from demand price will typically return to the origin of the move.
Like GOOG before it, price will drop somewhere between 61.8 and 70% for a deep discount on this stock before its next rally.
Large investment firms, Hedge funds and Market Manipulators currently occupying this space know what's coming and are selling calls to all the retail Bag HODL'rs community to protect their long positions in equity.
The CCI is flagging a dangerous High probability short according to my indicator and down below we have two major targets that may be reached before the end of the year.
These targets are untested demand down at 80 bucks and 40 bucks respectively.
Good luck and don't say I didn't warn you..
Life changing money to be made here on a good short.
Natural Gas & Trading Indicator!Nat gas closed the week negative.
We have now had 2 consecutive weeks of sell side pressure.
Next week we will get the golden cross on the daily chart.
Typically this is a medium to long term signal.
Using the prior day high and low signal is an extremely useful tool for traders to identify support and resistance.
