I typically don’t post day trading ideas on RSOTC.com except when volatility is high & the opportunities for quick gains present themselves. For those interested, here’s a brief video highlighting an objective pullback trade on NVDA and/or /NQ and QQQ with a couple of chart screenshots below.
This bounce into the 116.78 (bottom of initial target zone) and intersecting downtrend line resistance on NVDA offers an objective short entry for a quick pullback day trade targeting the 112ish support level. 60-minute chart below.
NVDA 60m July 31st
The 5-minute chart below highlights the min. & max. pullback targets as per the video above for a day trade short entry here at resistance.
NVDA 5m July 31st
Again, this is only a very short-term (intraday) trade idea. I still favor more upside to the aforementioned minimum bounce/swing targets on /NQ & QQQ, likely to be hit as earlier as later today (post-FOMC) or tomorrow whether NVDA & the Q’s pullback here or not.