Technical analysis by BullBearInsights about Symbol NVDAX on 1/5/2026

NVDA pushed higher earlier and printed a BOS near the 192–193 zone, but failed to follow through. Price has since rotated lower and is now compressing sideways, sitting just above a minor CHoCH level. This is not a confirmed bearish reversal, but momentum has clearly stalled. Current price action suggests distribution / balance, not trend continuation. Until NVDA either reclaims prior highs or loses structural support, expect chop with expansion risk. Key Levels to Watch * Major Resistance / Supply:
192.5 – 193.0 → prior BOS + strongest CALL resistance * Upper Rejection Zone:
195 – 200 → stacked call walls / gamma cap * Current Balance Area:
188.5 – 190.0 → intraday value * Support (Key):
186 – 185 → local demand + gamma support * Downside Risk:
182.5 – 175 → PUT support zone if structure breaks GEX & Options Positioning (Dec 5) * Positive gamma above ~190, but thinning quickly * Strong CALL wall at ~192.5, acting as a ceiling * PUT support concentrated around 180–175, creating downside magnet if 186 fails * Low CALL % (~12–13%) → upside needs force, not passive drift Market positioning favors range → expansion, not sustained grind higher. Trade Scenarios Bearish Breakdown (If Support Fails) * Trigger: Clean break and acceptance below 186 * Targets: * TP1: 182.5 * TP2: 175 * Invalidation: Reclaim and hold above 190 Bullish Continuation (Lower Probability) * Trigger: Strong reclaim of 192.5 with volume * Targets: * 195 → 200 * Without a clean break of the CALL wall, upside likely stalls Bias & Expectations * Primary Bias: Neutral → Bearish unless 192.5 breaks * Scalp Bias: Fade extremes, quick trades inside range * Swing Bias: Wait for expansion — coil is tight Conclusion NVDA is coiling under major call resistance. This is a classic pause after expansion, not a clear trend continuation. Watch 192.5 for rejection or 186 for failure — whichever breaks first likely defines the next directional move. This analysis is for educational purposes only and does not constitute financial advice. Always manage risk and confirm with your own strategy.