Wait until you see what happens next. ;-)

With both the $NDX & the $SPX both finally on solid sell signals as of today, that increases the odds that the typical bounce off the first downside price target on NVDA has most likely run its course. Next stop, assuming my analysis is correct, T2, which I wouldn’t be surprised if it blows through, & then T3.

If so, that would be about a ~17% drop from the recent highs & an objective short entry or re-entry again today, based on the sell signals on QQQ & SPY. Updated 60-min chart below.

Yes. Both /ES & SPY clearly broke & closed below their respective uptrend lines off the March 30th lows yesterday & remained (and again closed) solidly below them today. Both /NQ & QQQ broke below their respective March 30th TL’s as well as yesterday’s lows today, & closed below the trendlines today, keeping those sell signals intact.

That doesn’t guarantee that they must or will play out for a drop to any or all of my current swing targets on the 60-minute chart; it simply guarantees those sell signals (as I see them) have been triggered and are in play, providing an objective short entry or add-on.

As per the video I did today (maybe posted right after you asked this), the sell signals on SPY & QQQ remained intact all day & into the close today.

Impressive lift in NVDA

Good points. Randy, The qqq has gotten back to your 741.5 here at 145 eastern. Is your sell on today’s break still in effect?