I've been cautious with $NVDA recently as the weekly BX trend indicator turned 🔴, indicating dominant selling pressure. We noticed a head and shoulders pattern on the daily chart and I anticipated a drop to $120. Although that scenario remains possible, we can't ignore the bullish momentum now appearing... on the daily chart. Should we breach the $140 mark, an early breakout could be in the cards. I'm waiting for confirmation from the weekly chart, but for those holding long positions, this is a promising development.show more

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This BX trender just looks like a MACD histogram. Is it?

Hey Jim , yes it’s a mix of an RSI and a Mac D at the same time

CES event next week , 2m call Jan 17 It’s going to 140+

Where nvidia goes spy follows?

No @pdicarlotrader buy NVDA with both hands here, see my post why (CES):

Indicators are always too late and show everything afterwards. The chart says enough and has all the information you need and that is price action, you don't need more. Then you can also see that we are not going to $120. It's not that difficult.

@pdicarlotrader what happened to the line on the bx trender? Are you going solely off the histogram now?

Maybe there is another drop soon, and then it's a perfect buy point

Thanks for update