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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Cornstock who wrote (75059)	8/28/2024 11:02:50 AM
From: Woody	Respond to of 79460

From SI member Rarebird .. " NVDA is priced for Nirvana for all of eternity and retail is front running the earnings" Looks like 116 could be a good spot as it's at the 38 % retrace from the recent low the the high of 131. .. fwiw.

To: Cornstock who wrote (75059)	8/28/2024 11:09:30 AM
From: Doug R	Read Replies (1) \| Respond to of 79460

I agree with EEEK!! Monthly shows a "bull" flag widening a bit bearishly and it's a very crowded trade. The downward macroeconomic trend (US and global) won't be improving any time soon. NVDA forward outlook in the report is key. Price could go 20% either way over the next week. Beyond that, I opine that there's slightly more bias to the downside. On the S&P, "eek" is often met with a rescue effort. But when that effort fails to materialize, a Yikes occurs. I do not envy your position. I have no good advice either way. I'm sitting out trading for the day.