Nvda continued its pull back today which was over due.
Keep in mind if your a seasonal trader July is typically the pivot point for the market. (odd years)
Obviously a lot of selling today but bears please do not celebrate to early, at the moment no structure has been broken, we could continue to sell off and still be in a bullish structure so be patient if your trying to short.
I expect some kind of of rally tomorrow to fill in imbalances, if not look for support around $449 and $440.
We currently have a nice trend downward which screams liquidity but if we can get above $471 we may have a shot at a long.
$470 will pose quite a bit of resistance so watch for bearish patterns in that are. In order to get to $470 I think a gap above $460 is necessary
Follow the money good luck
Keep in mind if your a seasonal trader July is typically the pivot point for the market. (odd years)
Obviously a lot of selling today but bears please do not celebrate to early, at the moment no structure has been broken, we could continue to sell off and still be in a bullish structure so be patient if your trying to short.
I expect some kind of of rally tomorrow to fill in imbalances, if not look for support around $449 and $440.
We currently have a nice trend downward which screams liquidity but if we can get above $471 we may have a shot at a long.
$470 will pose quite a bit of resistance so watch for bearish patterns in that are. In order to get to $470 I think a gap above $460 is necessary
Follow the money good luck
Trade closed: target reached
Trade closed: target reached