NVDA Earnings Decide QQQ Breakout or Correction
Big week for tech.
$NVIDIA(NVDA)$ earnings + $Invesco QQQ(QQQ)$ at key inflection.
Our long-term model still has us in a Bull Cycle and is pricing in a push to new highs by March–April…
IF the Monthly BX flips back to green by Friday.
If it closes dark red, we kill the bullish outlook.
This week it all comes down to NVDA earnings.
Four months of compression are about to resolve.
As of now, our Monthly BX model is still pricing in a breakout to new all time highs.
But if price sells off and Monthly BX closes red on Friday, we flip bearish and start pricing in a correction toward $140.
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