As Nvidia approaches $800 billion in “value” and a P/E of 200, I wanted to share with you a simple fact of classic pattern analysis: the target price for this extraordinarily well-formed inverted H&S pattern was $300. We have met (and exceeded) this level, which I’ve tinted in green, and we’re now just a few percentage points below the lifetime high achieved in November 2021 during the peak of post-Covid mania.
By the way, I wanted to see if I was the only one hating this market, so I ran a poll on Twitter. The answer: nope, it ain’t just me.
