$NVDA
Added 2024-06-27 22:23:24 +0000 UTC$NVDA had another difficult day trying to get back above its 3.618 Fib at $126, this is the third time this week that $NVDA has rejected at this level now.
Still the bulls could easily recapture this level tomorrow, which is the last day of Q2 trading.
However, a hard rejection at this level over the next few sessions and we could see $NVDA starting to move down to its 50 Day MA which we warned about in its last update.
This would have a negative impact on the market unless we saw some strong rotations into other Mega Caps and we have been seeing that this week, particularly into $AMZN and $GOOG.
