$NVIDIA Corp(NVDA)$ $Invesco QQQ(QQQ)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$
π¨π°ππ₯βοΈππππ₯π Nvidia & QQQ: A Tactical Dance Between Bulls, Bears, and... Maybe a Cup of Coffee? ππ₯πππβοΈππ°π¨
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 juncturesβ οΈβοΈ
With Nvidiaβs Head and Shoulders (H&S) pattern and QQQβs Inverse Head and Shoulders (IHS), weβre 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 Iβm still unsure whether today will show us red or green πππΊπ»
Nvidia: Will the Blue Band Hold, or Are We Facing an Inevitable Downfall?
π 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. Itβs 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 patternπ»π.
π $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.
π $97.50: Breaching this level would complete the right shoulder of the H&S, pushing Nvidia toward the $90 neckline, confirming a bearish reversal π.
π Head and Shoulders Pattern: With the head formed at $140, Nvidiaβs potential breakdown below $101 would confirm the right shoulder, signaling a larger trend reversal.
$QQQ: The Tech Sector's Last Stand?
π 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 itβs not confirmed yet. A breakout could send the entire tech sector, including Nvidia, on an upward trajectory.
π $447.70: This is the first resistance level we need to break to kick off the rally.
π $449.30: Breaking this would confirm the IHS and send tech stocks soaring.
β οΈ $443.25 and $436.28: If the breakout fails, the sector could face more downside pressure.
Which Comes First: Nvidiaβs Fall or QQQβs Rise?
Nvidiaβs Head and Shoulders pattern is much further along than QQQβs IHS. Nvidia is already testing that $101 support, and if it breaks, weβll likely see the right shoulder complete quicklyβοΈ
Meanwhile, QQQ still needs to break $447.70 and $449.30 to confirm its bullish pattern. Itβs a close race to see which happens first π₯π₯π₯ππβοΈ
π Nvidiaβs Bearish Breakdown: If Nvidia breaks $101, it will likely confirm the H&S pattern, leading to a larger market pullback.
QQQβs 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 ποΈπ. The big question is: Will today be red or green? π»β The uncertainty is strong πͺ, but CPI could just be the marketβs catalyst!
π Key Takeaways:
π’ Bullish Case: Nvidia holds $101, and QQQ confirms its Inverse Head and Shoulders breakout, sparking a tech rally.
π΄ Bearish Case: Nvidia breaks $101, completing the H&S pattern, leading to a market pullback before QQQβs IHS can play out.
- My hopes are pinned on this scenario for now!
Hey Tiger Traders! Which pattern do you think will hit first~Nvidiaβs breakdown, or QQQβs breakout? And whoβs 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 π
@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.
Based on the information provided, let's analyze the situation for NVIDIA Corp (NVDA) and Invesco QQQ (QQQ):
NVIDIA Corp (NVDA):
Post-Market: $102.83 (-4.09%).
NVDA is currently at a critical technical juncture, with a Head and Shoulders (H&S) pattern indicating a potential bearish reversal.
The stock is clinging to the blue band support level around $101, which is tied to Bollinger Bands and volatility zones.
If NVDA holds the $101 support level, it may stabilize. However, a break below this level could lead to a deeper sell-off.
Traders should closely monitor the price action around the blue band support zone ($101 - $102.40) to assess the stock's future direction.
Invesco QQQ (QQQ):
There is no specific data provided regarding the price or technical situation of QQQ. However, it is mentioned that QQQ has an Inverse Head and Shoulders (IHS) pattern, indicating a potential bullish reversal.
A breakout above $449.30 could trigger a rally and potentially support NVDA's price.
Regarding the upcoming CPI data on September 11th, it could be a turning point for the market. It is not possible to predict the market's color (red or green) on a specific day, as it depends on various factors and market dynamics.
Key Takeaways:
Bullish Case: If NVDA holds the $101 support level and QQQ confirms its Inverse Head and Shoulders breakout, it could spark a tech rally.
Bearish Case: If NVDA breaks below $101, completing the Head and Shoulders pattern, it may lead to a market pullback before QQQ's Inverse Head and Shoulders can fully play out.
In terms of investment decisions, it is crucial to consider the volatility and risks associated with the market and individual stocks. Traders may consider diversifying their portfolios and using risk management strategies to mitigate potential losses.
Risk Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Trading stocks involves risks, and it is important to conduct thorough research and analysis before making any investment decisions.
Hi @TigerGPT , do you reckon itβs a time to buy $Palantir Technologies Inc.(PLTR)$ or $SoFi Technologies Inc.(SOFI)$ now??? Will these stock rise in 2025 and 2026? You think
I truely believe this September is the buy month. Because October will be Bullish. I am ready to buy from Next week onwards for any low points β my taken is : $NVIDIA Corp(NVDA)$,$Vanguard S&P 500 ETF(VOO)$ and $Invesco QQQ(QQQ)$. Also watching $Microsoft(MSFT)$ for how low it can go. π«ΆπΌπ©΅β₯οΈππ
Enjoy shopping our family ππ
I hope $NVIDIA Corp(NVDA)$ Will drop for you BC! πππ
Down with $NVIDIA Corp(NVDA)$
π¨β οΈβΌοΈπ Nvidiaβs Insider Warning: A Signal for Strategic Action in the Tech Showdown πβΌοΈβ οΈπ¨
The aggressive insider selling activity within Nvidia (NVDA) can be seen as a bearish signal for the stock. Typically, when company insiders~executives or key stakeholders~start selling their shares in large volumes, it often indicates a potential concern about the companyβs future performance or that the stock price is perceived to be overvalued at current levels. This type of selling can be interpreted as a lack of confidence in the stockβs near-term trajectory, even if the broader market or external observers remain bullish.
For Nvidia, this insider selling adds fuel to the potential Head and Shoulders (H&S) pattern forming on the stockβs chart, further indicating that the stock could be poised for a correction. Insider sales, especially by senior leadership, are often seen as warning signs for traders, signaling that those with the best knowledge of the companyβs outlook might be positioning themselves for a potential decline. This can lead to increased bearish sentiment among market participants, who may begin to follow suit.
In essence, these actions could serve as a prelude to more widespread market reactivity, where Nvidiaβs stock could face heightened volatility or even a downward trend if other technical indicators align with this behavior. While insider sales donβt always predict immediate drops, they act as a significant risk indicator for investors, particularly when combined with broader market signals such as the formation of bearish patterns like the H&S.
For Nvidia, the ramifications are clear. As insider sentiment turns cautious, it is a warning to the broader market that while the companyβs long-term fundamentals~driven by its leadership in AI and GPU technology~remain πͺ , the stock may face short- to medium-term headwinds. These could manifest in a downward price correction, as more market participants take heed of both the technical signals and the insider activity. The aggressive sales act as a signal of internal caution, likely prompting external investors to reconsider their risk exposure to Nvidia in the near term.
This dual convergence of insider selling and bearish technical patterns should not be overlooked, especially by those managing portfolios at a C-suite level or institutional scale. It represents a critical juncture where technical analysis meets insider knowledge, creating a comprehensive risk profile for Nvidia that demands attention. As such, forward-thinking investors would do well to factor these signals into their overall strategy, potentially reallocating resources or implementing hedging strategies to mitigate potential downside.
In conclusion, the combined effect of Nvidiaβs insider sales and the evolving Head and Shoulders pattern creates a potent warning of possible turbulence ahead. This convergence of internal caution and technical vulnerability could very well herald a near-term decline in Nvidiaβs stock price, which has broad implications for the tech-heavy QQQ as well. For strategic investors, especially at the executive level, now is the time to reassess risk management protocols and prepare for a potentially more volatile trading environment.
@Tiger_comments @TigerPicks @TigerStars @Daily_Discussion @TigerPM @koolgal
Great
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Great article, would you like to share it?
Great article, would you like to share it?