Market Update

Midweek Thoughts

NVDIA

NVIDIA (NVDA) reported results that met or exceeded expectations, providing the catalyst for an initial market rally.

However, the broader indices quickly encountered overhead resistance, resulting in a brief false breakout before reversing lower. We are now trading below those highs.

Position Management

All short-term swing trades were closed at the open for profits, preserving gains from the pre-earnings momentum and avoiding the subsequent volatility.

The price action around this resistance zone will be key. I am monitoring for high-probability setups in both directions and will update subscribers as clean risk/reward opportunities emerge. Let’s now turn to the data and charts for a closer look at levels and potential scenarios.