NVDA at Critical Support Ahead of Powell
Things were looking quite bullish this morning and still could be, but we're seeing a spike in volatility here leading into Powell's speech. I think it could easily go either way. Very simple trade idea for NVDA. It's right at support and I doubt it stays here for long.
Whichever direction it chooses, NQ will likely follow. I'm sort of getting a bad feeling for bulls, but that's just a feeling. Closing positions and waiting for Powell. Looks like we're gearing up for a big move, which is not what I expected so maybe not. I wouldn't think Powell is going to say anything significant, but being cautious just in case.
Whichever direction it chooses, NQ will likely follow. I'm sort of getting a bad feeling for bulls, but that's just a feeling. Closing positions and waiting for Powell. Looks like we're gearing up for a big move, which is not what I expected so maybe not. I wouldn't think Powell is going to say anything significant, but being cautious just in case.
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advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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