And as I'm seeing overnight trading nvda still holding on green Adding a simple 5 billion in market cap! Even on down days nvda still adds billions in market cap....the most perfect company ever witnessed on wallstreet
By my estimate, we should see price trading below EMA(20) by next week and it will likely reach EMA(50) shortly thereafter. Once EMA(50) is breached, you can no longer deny that the trend has reversed.
Shitzo - resident ass clown - wouldn't know a "trend" if it hit his old 'shot' ass Don't listen to this recreational trader with claimed 40 yrs trading experience. Nor his fake "live calls" Proof that - for the vast majority - there's little to no learning experience in trading...unlike other professions where you will be "right more often" given more experience Sounding like a wise, old trader doesn't make you one (consistently profitable, >$100,000 pa) Bulls must be shaking in this boots this morning. LOL Turn your charts upside down, old man. Or get cataract surgery to remove the shit in your eyes LOL
I guess you aren't aware that nothing ever stays down in this market and the V reversal is always a guarantee. There's a reason why this is the most unstoppable market ever. Only an inexperienced trader brags about futures and of course it reversed. Back to new ATH. You won't even see QQQ go below 440 again so your prediction is completely over.
I said this the other day and shocker it did exactly the V thing. So no after the fact. This market can't help itself with all the printing and now daily 0DTEs. Every single dip/red candle for the rest of time will be a money glitch that just leads to another V. The market has lost any ability it has to have a meaningful down move. There's unlimited money being deployed to eat up every dip is here to stay. When we do have a rare red day/move the only question is how long will it take for the V to be made. As we've learned this year, it takes about 2 days to eat up a drop like Tuesday.
Daily 0-dtes have be around since 2022, which was a full on down year. QE was in effect until June of '22. Rate hikes and balance sheet runoff started around the same time (May 22) beginning to theoretically constrict money flow. Unemployment is looking like its basing; economically things are kind of aligning. Does any of that fator in to your V bottom theory?
2022 Had MON/WED/FRI 0DTES. There were no TUE or THURS options. I'm not sure we even get below 440 again on the Q's. After tomorrow this will be trading in the 450s and you know how impossible it is for this to be brought down.
Tuesday expirations began April 18, 2022; Thursday's on May 11, 2022. Impossible is not a word I use in trading... neither is guaranteed.