$NVDA Faces $140 Support as Selling Pressure Mounts

PeterDiCarlo
03-31

We exited $NVIDIA(NVDA)$ at the end of last month.

Since then it is down 8%.

Next stop should be $140.

Every time price tests a liquidity zone the odds of a sweep go up.

The monthly chart shows buying pressure being pulled out consistently.

When institutions stop defending a stock they are not coming back to save it.

So what do we do?

Nothing. Yet.

No shorts. No guessing the bottom.

We wait for the selloff.

Then we wait for our system to confirm buying pressure is rotating back in.

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