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Chart Attack: SPX, QQQ, NVDA


SPX futures are down 3-4 handles as this market keeps flagging and grinding. There is some talk that the reflation trade is losing interest. The dovish Fed talk could be a headwind.

As long as we hold 2540ish, we can stay the course.

QQQ played some catch-up last week as it cleared $146.59. As long as it stays above it, active bulls are in control. It’s a little testy. If you’re super active, use $147.34 to adjust as a pivot.

NVDA has been a great focus. We were long vs. $176 and even had an add yesterday as it cleared the “wedge-type pattern” around $182. It spiked through $191.20, hitting a high of $192.95. Now see if it digests above $187.26 to go again.

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