Paying Close Attention To Any NVDA Weakness
NVDA Watch-- If the resurgence of NVDA stock (+30%) during the past 9 weeks is the poster child for the entire market, then we should pay close attention to any weakness from yesterday's new ATH at 243.37 to determine if it represents a minor pullback within a larger, developing, incomplete advance, or something more damaging to both the stock and the overall market...
My pattern work argues that NVDA weakness must be contained above 230 on a closing basis to avert inflicting potential significant technical damage to the post-August uptrend setup.
Barring a closing break below 230, NVDA's 9-week advance has unfinished business on the upside that points to 255-260 next... Last is 236.99...
