NVIDIA – KING OF AI BECOMES KING OF STOCK MARKET
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
King Nvidia
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- The chart shows that QQQ touched the low band of the resistance zone and reversed.
- The chart shows that going into Nvidia (NVDA) earnings, QQQ has rallied to the downsloping trendline.
- RSI on the chart shows that the stock market is coming out of the oversold condition ahead of Nvidia earnings.
- The sum total of the foregoing is the technical setup for the stock market is positive going into Nvidia earnings.
August 23, 2023