(New Video) Nvidia Chart Breakdown

I pulled up Nvidia today and the chart is so boring it's actually interesting.

Think about it.

We talk about Nvidia, hear about Nvidia, or trade Nvidia at least once a week.

It's the traders' Roman Empire.

And it has done absolutely nothing since May.

If you're in it every day, sure, it looks like a lot of action. Zoom out and it's a giant disgusting channel that's been sitting there all summer.

It couldn't break out on earnings. It couldn't break out on good news. It's had every chance to lead again and it hasn't taken one of them.

When a stock does nothing on its glory days, the momentum starts to leave.

The love is not there.

Okay so, why am I sending you a video about a boring chart?

Because this one isn't just about Nvidia.

When the name that's supposed to be leading the market can't break its own high, that's intel on everything else.

The QQQs, the S&P, all of it flatlined this summer the same way.

And a market that can't get moving on good news has a much bigger reaction to bad news, which you might have noticed yesterday morning.

In the video I show you where Nvidia is sitting right now, why there's not much holding it up, and where I think it's headed over the next month.

If you hate this stock and want to short it, I give you the two levels. Or if you’re long, they are the levels you want to be concerned about.

Either way, the weather's getting cold and so is the stock. That tells you how to carry yourself into tomorrow.

===>Watch it here before the Fed decides.

Rock On,

Voz