Technical analysis by ContraryTrader about Symbol NVDAX: Sell recommendation (6/7/2025)

Rising wedge just like Qqq, Spy, and most of tech sectors... Price should begin the decline down to 112.00 with a pit stop first at 128 or 200ma .. I expect a dead cat bounce there back to 134 before the next leg down As you can see here looking at the Chip sector SMH You have a similar Rising wedge at .236 fib. And you can also see that .236 has been a brick wall for a year. Zoom in close at SMH and you'll see friday finished with a reversal candle Daily RSI Confirms Either wait for a break below 139.00 or short anything over 140 with a stop above 145.00..