moneysignSean

moneysignSean

NVDA is splitting 4 to 1 on Tuesday 7/20. With earnings coming up and cheaper share prices after the split, you can bet investors will take this opportunity to grab shares while they are still cheap. Anyways, Wave 4 bounced right at .382 retracement of wave 3 at 722.97. We also hit the bottom of the upper channel and found solid support there. We will probably...

moneysignSean

As long as the fed is printing money, they won't let this fall. With tech earnings coming up, this could push to new highs.

moneysignSean

NVDA has been under fire past 2 days dropping 13% from its high at 434.65 after wave 3 completed. I believe wave 4 has completed and we are on the way to wave 5 after we found solid support at the .382 fib retracement as well as the top of the channel. I see 900 coming soon with the stock split on 7/20. #hungrytrader

moneysignSean

The diamond pattern has appeared twice since were at ATH. Jobless claims and high inflation are the 2 main factors investors are pulling out their cash and waiting till things cool down. I would be careful if you are long because the diamond top indicates a bearish market ahead. PT for spy 429.94 Good luck!

moneysignSean

Spy reached a diamond top which occurs mostly at the top of an uptrend. This signals a bearish move.

moneysignSean

Bullish position. Spy is gravitating towards 4000.