NVDA miss and market collapses. They are making a double top now. Just saying.

Just additional info. QQQ (NDX) is holding 50-SMA. I don’t think we will see any impulsive breakdown in market until NVDA reports this Wednesday. All eyes on NVDA unless some nuclear war happens.

That helps, thx

Trendlines are upwards sloping (if uptrend lines) & as such, the price levels are dynamic (constantly changing), hence, I can’t provide a price level that will trigger the breakdown. However, those trendlines did clearly & impulsively break down today.

Easy to replicate the trendlines on my charts by looking at the reactions lows (or reaction highs on downtrend lines) where they touch, typically either the shadows or bodies of the candlesticks (or a combination of both) & make sure to have your charts set to log (aka- semi-log) scaling, otherwise the trendlines won’t line up with mine.

I also provided BOD support levels in Friday’s video just below the current uptrend lines that have since been taken out. Those were/are static price levels & that is what we hit & stopped at (as expected) so far today: QQQ 473.77 & /NQ 19543. BOD is my “benefit of doubt” levels that I give when I have a second support level just below one, such as those trendlines that were taken out. When/if those BOD supports are taken out, we’ll most likely get another wave of selling & the wedge breakdowns will likely play out to their measured targets or beyond.