Nvidia has been one of the high flyers over the past few years since in 2015 when it crossed above its 200 day Moving Average. Well, if you notice on the chart below it recently broke the 200 day MA for the FIRST TIME in the past few years, and honestly the first decisive break below since 2014ish. As you know I am a big fan of the 200 day MA long term and as you can see, it WINS AGAIN.

Once this broke the 200 day that was your warning sign, then once it STAYED BELOW and did not rebound above, that is the sign to GTFO. So many people want to rush in at the top because that is when the most coverage of the company is going on and talking about the past and h0ow big a winner it WAS. This causes you trouble. You can see o nthe chart NVDA is likely set to open tomorrow in the 165-170 area, much lower after earnings.

Now alot of people are trapped, and ironically tomorrow is going to be a great buying opportunity (likely) for a large bounce hen everyone is panic selling....