NVDA continues to dive deeper on Inflation etc. worries...Likely
On lower times frames, there's a Gap at 120, so likely that's where she's headed...
Note
120 could very well be a Strong bottom reversal, since other technical indicators appear to be extremely "Bullish for Risk assets", such as: Bond yields are down, there's US$ weakness, Oil & the RNF are down, which are Inflation barometers, and the VIX is skyrocketing, which is a Volatility index!Note
Also, the Put/Call ratios indicate a "Bullish" Scenario for Risk assets as well!Note
Consumer confidence takes a dive, which could insight a rate cut, boosting Risk assets also!
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Disclaimer
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.