These are the only charts you’ll need for the trade of the year.
NVDA 0.00%↑ - the tech darling that lead the most recent rise in stocks is ready for a MAJOR collapse.
Above is the chart of NVDA with 3-month candlesticks. Here we see very long upper shadows accumulating, meaning major selling pressure. And if you notice at the bottom of the chart, volume has been declining. This set-up alone is enough for me to bet against it - because remember, the longer the time frame, the more accurate the signals….
Here’s another chart, this time with weekly candlesticks.
Here we can see MAJOR selling pressure and declining momentum.
These major sell signals, coupled with the fact that every day people are talking about buying NVDA, means NOW is the time to sell (or short, or buy puts).
I am long puts for May through September, and adding more after any “rally”.
This is going to be the trade of the year.
Happy Trading 😊