I know, I know. It’s all up to NVDA. I get it. And it’ll just be a few more hours until The Most Important Report In Human History is out.
I will say, in the meantime, that the four-hour bar chart on the /NQ futures looks awfully encouraging. Of course, the bears could get completely ripped-off and have this sucker explode higher with some crazy NVDA report. Let’s face it, all the tech giants are buying billions of bucks worth of NVDA chips, and there’s only one game in town. So there’s no reason NVDA is doing anything but great revenue-wise.
The bigger picture is even more compelling. The “big top” above is just a little top (right side) on a larger timeframe, and at a substantially lower price than the lifetime peak. The chart WANTS to collapse. It just needs NVDA to give it a nudge.
