I think it is clear that the dominant count right now is the corrective wave happening for the Mega Caps and the US market.
$NVDA is approaching the $100 level now and the impulse wave would be under pressure and invalidated under $93
$AMZN, $GOOG and $NVDA will be my prime targets to accumulate when they have completed their ABC correction in this case.
I will be watching for a retest of the 50 WMA from below as a potential Wave B bounce here next but $NVDA's Wave B is not looking as clear as $AMZN and $GOOG right now, so it is unlikely that I will be playing the Wave B bounce.
Rich Morris
2025-04-03 19:21:06 +0000 UTCBrian
2025-04-03 18:15:26 +0000 UTCRonnie
2025-04-03 15:30:10 +0000 UTCJohnnyboy
2025-04-03 15:26:17 +0000 UTC