NVDA Double Top Formation Impacts Everything

Chart, Trading, Courses, Forex, Analysis

Image Source: Pixabay

It has been apparent to most investors that AI specifically NVDA has driven markets to record highs. NVDA is finally showing signs of slowing and even a potential trend reversal pattern, a double top. If the Double Top is confirmed, we expect correlated moves in indexes and individual stocks.

Today we discussed the potential pullbacks and reversals in major indices like the Nasdaq and S&P 500. We looked at individual stocks including ORCL, AVGO, SMCI, and CRM as well as less aggressive ETFs like SMH and IGV.

Video Length: 00:23:26

More By This Author:

This Will Determine The Next Move For Stocks
Vol Markets Flash First Warning Since December As NVDA Tests High
These Indicators Signal A Change Coming To The Markets

Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.