NVDA given the following points: * firm support was established at 100MA on 1D chart from Dec 17-20, and 100MA is steadily climbing * Big $ wants to get back in youtu.be/eTIf8utVc9E * Big Tech earnings cycle that provides direct clues to NVDA earnings starts with TSM on Jan 16th
it is reasonable to expect the general direction for the next 8 weeks to be mostly UP, with a some downshocks thrown in from US macroeconomic data, that get filled the next trading day.
NVDA gamma exposure has shifted highly negative for Jan 10 options, factor in large amount of call options expiring worthless today and you have MM dumping shares that were being held to hedge said call options. it's impressive that NVDA isn't dropping a lot lower tbh.