ArcadiaTrading

NVDA & NSADAQ Key Resistance Analysis into FOMC Wednesday

Short
NASDAQ:NVDA   NVIDIA
- Personally i think NVDA is overvalued but markets can stay overvalue for longer than you think and vice versa

- if we do get a quick reversal here from NVDA than it would be a bull trap right no zero signs of that.

- strong 15m EMA 12 guide for NVDA

- NVDA outperforming SMH and QQQ

- NASDAQ broke above resistance no follow through

- SPX did not break above resistance need both to break.

- AMD ER tomorrow AH

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