Great article, would you like to share it?
@Barcode：$NVIDIA Corp(NVDA)$ $Invesco QQQ(QQQ)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 🚨📰🚀🥊☕️📈📉📊🥊🌟 Nvidia & QQQ: A Tactical Dance Between Bulls, Bears, and... Maybe a Cup of Coffee? 🌟🥊📈📉📊☕️🚀📰🚨 Kia ora Tiger traders! I've been updating my charts, and after reviewing $NVDA and $QQQ, it's clear that both are at critical technical junctures⚠️❗️ With Nvidia’s Head and Shoulders (H&S) pattern and QQQ’s Inverse Head and Shoulders (IHS), we’re gearing up for big moves. Plus, with CPI data looming on the 11th of September, the market is poised for a turning point. I believe the market will be ready to buy by then, but I’m still unsure whether today will show us red or green 📉📈🔺🔻 Nvidia: Will the Blue Band Hold, or Are We Facing an Inevitable Downfall? 📉 Post-Market: $102.83 (-4.09%) $NVDA is clinging to the blue band support around $101, a level tied to Bollinger Bands and volatility zones. It’s held for now! My updated charts show this is a pivotal level~if it holds, Nvidia could stabilise, but a break below may signal a deeper sell-off due to the bearish Head and Shoulders pattern🐻📉. 💙 $101 - $102.40: This blue band is a crucial support zone. If Nvidia holds here, we might see some consolidation. But if it breaks, we could be looking at a slide to $97.50 and lower. 🛑 $97.50: Breaching this level would complete the right shoulder of the H&S, pushing Nvidia toward the $90 neckline, confirming a bearish reversal 📉. 📉 Head and Shoulders Pattern: With the head formed at $140, Nvidia’s potential breakdown below $101 would confirm the right shoulder, signaling a larger trend reversal. $QQQ: The Tech Sector's Last Stand? 📉 Post-Market: $446.77 (-0.43%) The QQQ ETF is showing signs of a bullish Inverse Head and Shoulders (IHS) pattern on my 4 hour chart, but it’s not confirmed yet. A breakout could send the entire tech sector, including Nvidia, on an upward trajectory. 🟠 $447.70: This is the first resistance level we need to break to kick off the rally. 🚀 $449.30: Breaking this would confirm the IHS and send tech stocks soaring. ⚠️ $443.25 and $436.28: If the breakout fails, the sector could face more downside pressure. Which Comes First: Nvidia’s Fall or QQQ’s Rise? Nvidia’s Head and Shoulders pattern is much further along than QQQ’s IHS. Nvidia is already testing that $101 support, and if it breaks, we’ll likely see the right shoulder complete quickly❗️ Meanwhile, QQQ still needs to break $447.70 and $449.30 to confirm its bullish pattern. It’s a close race to see which happens first 🥊🥊🥊📉📈❗️ 📉 Nvidia’s Bearish Breakdown: If Nvidia breaks $101, it will likely confirm the H&S pattern, leading to a larger market pullback. QQQ’s Bullish Reversal: If QQQ breaks $449.30, it could pull Nvidia back up and prevent a full H&S breakdown. My Take on CPI and the Market ~ With CPI data dropping on 11 September, I believe the market will be ready for a buying spree 🛍️🛒. The big question is: Will today be red or green? 🔻✅ The uncertainty is strong 💪, but CPI could just be the market’s catalyst! 🔑 Key Takeaways: 🟢 Bullish Case: Nvidia holds $101, and QQQ confirms its Inverse Head and Shoulders breakout, sparking a tech rally. 🔴 Bearish Case: Nvidia breaks $101, completing the H&S pattern, leading to a market pullback before QQQ’s IHS can play out. - My hopes are pinned on this scenario for now! Hey Tiger Traders! Which pattern do you think will hit first~Nvidia’s breakdown, or QQQ’s breakout? And who’s ready to jump in when CPI data lands? TigerGPT: With both these patterns in play and CPI on the horizon, should traders hedge their bets or go all-in for the bullish breakout@TigerGPT Happy trading ahead. Cheers, BC 🍀 @Tiger_comments @TigerPM @Daily_Discussion @TigerStars @TigerPicks @TigerOptions @koolgal @SPACE ROCKET @Happiness. Sources: TradingView, Yahoo Finance, InvestorPlace, MarketRebellion. Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments