Hey subscribers, hope everyone had a great day, we put out a little technical video earlier today, hope you had time to watch it! We noted the 460 magnet level in the QQQs and it basically sat around it all day, but by the end of the day, saw small sellers. These sellers undoubtedly knew that the US Government was going to require Nvidia obtain a license to export their H20 chips to China. Nvidia expects a Q1 charge of about $5.5Bn! In after hours trading Nvidia is -$7.00 or -6.31%
We covered the QQQs and the SP500 and Nasdaq futures charts in our earlier video and given the Nvidia news, will expect sellers to dominate in the overnight session and into the open for the NY session tomorrow morning. This will put all the new recent value player longs to the test.
Tonight the Nasdaq futures are under pressure -1.4% and we noted that 18961/19000 area as resistance, equivalent to that 460 QQQ area. 18281 iis the downside target for initial pressure point of support for the new found longs of…
