SOXX sell signal to come on a solid break below the primary uptrend line with confirmation to come on a comparable TL break on NVDA.

NVDA sell signal still pending a solid break below the primary (purple) uptrend line. Take out the 5-star general (NVDA) & you win the war (SOXX falls to my long-term swing trend targets).

219 sorry

Soxx were you looking for a weekly or daily close below 119

Here’s my thoughts & weekly chart of $VIX posted recently posted in one of the comment threads: https://rightsideofthechart.com/gdx-next-price-target-hit-reaction-likely-11-12-24/#comment-34102

could you take a look at the vix

NVDQ is -2x short NVIDIA while NVDS is -1.25x short. Assuming held for an extended period of time, adjusted (position size-wise) for the leverage, the -200% will under-perform the -125% during choppy back & forth (green & red closes) periods of consolidation or up & down volatility but outperform during periods of mostly uni-directional downside.

As such, my preference would be to wait until that primary uptrend line on NVDA is clearly taken out before using NVDQ & if I wanted to have a starter position before then, it would be NVDS (other than a pure-play short on NVDA).

If you click #4 ETF Related Questions & then “Is there a disadvantage to holding a leveraged ETF for an extended period of time” you will see why:

https://rightsideofthechart.com/frequently-asked-questions/

Yes T. rex NVDQ

Thanks so much AP! Yes I can also use SOXS which nvda is huge part of but I was considering a specific one for nvda

2x short ETF : Graniteshares 2x Short NVDA Daily ETF (NVD), this is the only I know that is fairly liquid, averages 1.5M volume.

I normally simply use SQQQ ( 3x leverage short-QQQ) , if I am expecting some bearish moves on tech sector which NVDA tends to lead. – Randy has mentioned it in the past, you may find it in previous Swing Trade Ideas coverage videos.

GL