$NVDA
Added 2025-05-02 15:58:53 +0000 UTCThere is still another $10 to run before we hit the 50 WMA and in between the 0.5 - 0.618 Fib range, so no need to touch our position right now, earnings is not until the end of the month either.
A reminder that we sold nothing on this pull back in the market, we only added when the market went oversold.
Everyone is happy right now because a lot of our positions are bouncing strong but we need to remember the big picture
The Tariff issue has not gone away, the repercussions have not gone away, Wave B rejection here and for the market is still a strong possibility.
My job is to guide you back on track and not follow what the masses typically do in a Wave B bounce, where many believe the worst is behind us.
So for now, we sit back and enjoy the bounce but let's stay vigilant.
Comments
Cap, do you still think we are in wave B for SPX/NDX? What would invalidate this and make you fully convince with your contrarian view? Is there a key level that must be invalidated?
SK27
2025-05-02 17:56:16 +0000 UTC
