$NVDA
Added 2024-04-12 20:08:35 +0000 UTC$NVDA is going to play a very important role on the markets direction next.
It's market cap is above $2.2 Trillion now, making it bigger than $AMZN and many of the other MEGA Caps and it has not broken down yet, as there was a test of the 50 Day MA this week and bounced.....but rejected today at the 2.618 Fib again exactly at $901.
So we need more information here
As always, losing the 50 Day MA will be the big indication for many Mega Caps and the market in determining its direction next.
When $AAPL lost its 50 Day MA, we knew it was in Wave A and continued to pull back in a controlled move, this is what we like to see.
So if $NVDA loses its 50 Day MA at $825....I struggle to see how the market stays up.
![七瀬由衣[ゆいぴー]](https://samsuka.com/istorage/96657.jpg)
