NVDA Double Top Formation Impacts Everything
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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
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