NVDA Sep 22 Game Plan – “Grinding Up or Topping Out?”1️⃣ Big Picture on the 1-Hour Chart
* Price action: NVDA closed Friday around 176.07, sitting right on a short-term rising trend line. Price has been stair-stepping higher off the 172 area, but momentum is flattening.
* Key levels:
* Resistance: 178.60–180 (recent high & big call wall)
* Support: 175–172.5 (trendline & gamma pivot)
* Indicators:
* MACD on the hourly is rolling over – still above zero but losing steam.
* Stoch RSI is down near oversold and trying to curl, so a quick bounce isn’t off the table.
This paints a neutral-to-slightly-bullish short-term picture: the uptrend is alive, but it’s late in the cycle unless buyers step in hard at the open.
2️⃣ GEX / Options Flow
* Call concentration shows heavy walls near 178.6–180.
* HVL (High Volume Level) is sitting near 172.5, which often acts like a magnet if price slips.
* Below that, 167.5 and 165 are the next notable put supports.
* IVR is low (around 3), so options are relatively cheap if you’re looking at quick plays.
This means market makers may want to pin NVDA in the 175–180 zone early in the week. Breaks above 180 could squeeze toward 182.5+ fast, but a fail back under 175 risks a slide to 172.5 and maybe 170.
3️⃣ Trading Thoughts & Suggestions
* Scalp / day trade: Watch for a clean break of 178.6–180 with volume. If it holds, 182–183 is the next scalp target. Tight stop under 177.5.
* Fade setup: If early strength gets rejected hard at 178.6–180 and the trendline breaks, short ideas toward 175 → 172.5 make sense.
* Swing idea: Only interested in swings if we close >180 with confirmation; otherwise, chop is more likely.
4️⃣ Bottom Line
NVDA is at a decision spot. A quick pop above 180 could spark a mini gamma squeeze. Failure there with a trendline break drags it back toward 172.5 or even 170. I’ll let Monday’s first hour dictate the bias.
Disclaimer: This is just market opinion for educational discussion. It’s not financial advice. Always manage your own risk before trading.
