NVDA has undone any negative look to its daily chart by taking out resistance. Now all that is left is for it to clear the April 11th high of 907.39 to bust bullish. What would that mean for the markets that follow this sexy star? Well, the machines act like drones doing what the leader drone does. NVDA earnings is May 22nd and it could all revolve around what the expectations are for that.
I am short Semi and SPX because they look like good short setups. But if this pig starts following the likes of NVDA above resistance I’ll have to abort that theme and just be a trading bull as usual, until the end of the bull later this year or early next (IMO).
