MVPsystem

MOMENTUM - daily is in uptrend channel; weekly is ??; monthly looks toppy VOLUME - some increased volume on the breakout above 183; Overall, volume not significantly changed since the April bottom PRICE - There is a topping candle on the weekly at the upper trendline of the megaphone; Price reached 195 before reversing back down What does it all mean? 1. Possible revisit 165 2. Possible revisit 150 3. Possible retouch of 180 and then next move up again 3. Long-term top is in with uncertain future Let me know what you think….

Momentum - RSI broke back to the upside Volume - Some increase; Not a large increase Price - Large green volume Candle On the Break to the upside on momentum That wasn’t much of a pull back. I’ll take a look at the weekly and monthly charts as well.

MVP SYSTEM Update to prior post. Today = earnings The RTY and YM recently faked out to the downside. The NQ also broke down from the upward rsi trend. Is it also a fake out? The NVDA chart looks like an obvious short - which gives me pause; is it another fake out? I don’t have a position in NVDA, but I do use it as a proxy for NQ and the market overall. I can see it pushing above the high and then dropping, regardless of the earnings report.

MVP SYSTEM this one is fairly obvious. MOMENTUM- rsi broke from the triangle; sharply lower VOLUME- not only was the volume light during this last move went upward, now there is a larger volume red engulfing candle PRICE- as stated, large red candle. price broke below the topping area. and there is a smooth/rounded top here. the weekly chart had a breakout to the upside; i suspect this move downward to be a pullback to the last support

Follow up on breakout Now it has broken above the flag

-MY MVP SYSTEM- Momentum: NVDA has been moving in a down sloping pattern; it is now breaking out to the upside Volume: vol spike when price dipped below the downtrend line (looks like a Wykoff spring); some overall inc vol lately Price: it is <200ma, so caution is warranted; can’t rule out this downward channel as a possible bull flag; it’s a pretty clean move *I don’t trade NVDA. I use it as a major market indicator. Over the past 1-2wks, my alerts went off for ES, NQ, and RTY - all to the upside. It would be nice to see gold move down for more confirmation that big $ is shifting into indices. *The RSI is still around 50 and could definitely fake to the upside & then slice all the way down through the triangle. *Weekly & Monthly charts still show a major break in the indices. This move up does not look like a resumption of a bull trend. A lot of repair would be needed on the long term charts for that.