I am brearish NVDA medium term till July with resistance at 127 and short term support at 105. but very strong support at 91. Lets see how it goes. See my multi year NVDA analysis for my bearish bias. At 91 I would a big buyer. At 91 it would touch the low of lower channel
I noticed 1000% cycle completion last march. Since then just been trading short term.
I will wait for a 50-62% correction for long term long, till then trading short term. In short term I have a target of 100 to buy
NDX has frequent moves of 100X % 50% 61%. Since its lows in Oct 2023 has gained approx 100%
Expect some consolidation, reallocation of stocks. Trumps policy are inflationary. Tariff and expulsion of undocumented workers means no workers nor cheap labour. AI hype correction is underway. Headwinds from here on. Wont be surprised if it corrects to touch the lower...
