Hints of current Nasdaq bottom from Nvidia
Nasdaq seems to be hitting its low lows, but is there a good way to guess the price point? The Nvidia chart may have the hint. Nvidia's 0.786 has yet to form.
Nvidia has an enormous influence on the Nasdaq. Nvidia hasn't reached 0.786 of its local wave 3, whereas Nasdaq has already gone well beyond. If Nvidia were to reach 0.786 at price point 106, it may cause an additional 50-80 points down from the current Nasdaq 0.786 pullback.
*Any signs of Nvidia trend reversal at the current 0.618~786 price point will invalidate the idea.
Nvidia has an enormous influence on the Nasdaq. Nvidia hasn't reached 0.786 of its local wave 3, whereas Nasdaq has already gone well beyond. If Nvidia were to reach 0.786 at price point 106, it may cause an additional 50-80 points down from the current Nasdaq 0.786 pullback.
*Any signs of Nvidia trend reversal at the current 0.618~786 price point will invalidate the idea.
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