ᖇᎥᑕᕼᗩᖇᗪ 🇺🇸

$NVDA Says Transitioning To A New Reporting Framework That Better Reflects Its Current And Future Growth Drivers; NVIDIA Will Have Two Market Platforms - Data Center And Edge Computing

$SPY Hope you all had a great weekend. Here are the paths price can take from here. The lines drawn don’t mean price should go in a straight line up or down, it’s just to help visualise the moves. It’s definitely a tough market to navigate right now (unless you close your eyes and buy calls anyway). 1) That’s the most probable and realistic path. Price needs to reject 713-718 and start correcting towards 690 or slightly lower, then go back up to make a new all time high at 730-732 or higher. Technically, even if price extends the correction to 660 it’s still a buyable dip. 2) Another very likely path. Price rejects 713-718, finds support in the 680s or a bit lower and bounces off hard, but only to make a lower high at 698-703 before rolling over. That’ll be very bearish and risks visiting the March lows. 3) This path is a lot less likely than the previous two but it’s still possible. Price breaks through the 713-718 resistance without a pull back and goes straight to 732-736. Price will then reject there and correct in a very harsh and fast way to the 680s or lower, then eventually finds support above the 200 dma and make a new all time high. 4) That’s the least likely path right now but I will definitely consider it and keep it in mind. We continue a blow off top towards 732-736 without a meaningful pullback, then lights out. An extreme non stop selling wave comes with small bounces in between all the way back to March lows, or lower. The least likely scenarios have been the ones playing out recently so don’t sleep on it. It’s too early to tell which one will end up playing out. I will have to take it one level at a time. It’s good however to keep these scenarios in your heads and on your charts to know how to react around each level (If this, then that).

top 5 CNBC clips of all time

Every time oil prices surged 50% above trend, it triggered a recession. This indicator predicted 6 out of 6 recessions… a 100% success rate. We just triggered that threshold again.... But I guess this time it's different