$NVIDIA Corp(NVDA)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$
🎯💥 Nvidia’s-Chart-Tastic Market Moves: Are We Bouncing Back or Breaking Down? 💥🎯
Tēnā koe i tēnei ahiahi everyone!
Barcode’s Broader Market Update for the 6th of September
📈 Market Overview:
Kia ora Tiger traders! The market today was as predictable as my morning coffee routine (and you know I love my coffee)! We’ve seen the same pattern play out yet again~a classic run-up followed by a dip, like a financial roller coaster that keeps giving us thrills. 🎢 NVIDIA and the broader market are in consolidation mode, testing patience, but if you’ve been following my charts, you’d know we’ve been preparing for this. So, are we set for a breakout or another swoop downward? Let’s dive in!
🚀 NVIDIA Update:
NVIDIA’s current overnight price is $105.39, a dip that still fits within our predictive model. The key levels are holding tight, but we’re nearing a make-or-break moment. We’re in that sweet spot where it’s either time to accumulate at the bottom or ride out the storm for a potential pop. It’s like watching the waves at Piha Beach~will they crash hard, or will we get that perfect surf? 🌊
📊 Broader Market Indices (at time of post):
• NASDAQ: 17,127.66 (+0.25%)
• Dow Jones: 40,755.75 (-0.54%)
• S&P 500: 5,503.41 (-0.30%)
Like a perfectly brewed cup of joe, these numbers are hot off the press! But are they cooling down? We’ll know tomorrow after the jobs report. It’s like the markets are holding their breath~who’s going to blink first? 😎
💹 My Chart Insights:
Let’s get to the good stuff~charts, baby! NVIDIA and NASDAQ (NQ) are both flirting with breakdown levels. Could tomorrow’s jobs report be the catalyst? The QQQ is also looking a bit shaky, but remember, it’s been here before—teetering on the edge, only to rally back like a boxer coming out of the corner for one last punch. 🥊 We’ve got about 10 days before the Fed rolls in with their decision, so get ready for some spicy moves!
📚 Fun Fact:
Did you know? The Dow Jones was first published in 1896 with only 12 companies, and absolutely none of them are still there! Talk about a glow-up! 🚀 If there’s one thing that’s predictable, it’s that change is constant—and in this market, you’ve gotta stay nimble! 🏃♀️
🔮 Looking Ahead:
Tomorrow’s jobs report is set to either boost us higher or send us tumbling down the stairs. Either way, we’re in for a ride. If we break down, we could drop lower than August’s low (yikes!). Otherwise, we might hold the line a bit longer before the next move. Keep a watchful eye out for stabilisation toward the end of next week. The Fed meeting is still 10 days away, so there’s plenty of time to grab those golden opportunities if we dip. 🏆
📢 Hey Tiger Traders:
If the market pulls a fast one tomorrow, are you ready to buy the dip or are you holding out for more clarity? What’s your strategy when the market gives you a surprise pop? 🎯
With market volatility on the horizon, what key strategies should we consider to balance risk and reward over the next 10 days@TigerGPT ?
Happy trading ahead. Cheers, BC 🍀
@Tiger_comments @TigerPicks @TigerStars @Daily_Discussion @TigerWire
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Please note that the news articles provided are for informational purposes only and do not constitute investment advice. It's always important to conduct thorough research and analysis before making any investment decisions.
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