I think at this point it's clear that the pullback into the 24th-26th area bottomed early with the low in the future Sunday night on 6/22. So there's nothing to do here as the bearish period has passed now. That doesn't mean we can't pullback 50-100 points here on the short term but we should not take out that low from this past Sunday.
From here until August we should go up, but it's most likely to be a grind-fest. The ol' summer doldrums basically, where we goes up 2-3 days, pulls back half for 1-2 days, and back up again. There's not likely going to be any good trades from here on out for the next several months. Sure, there should be some short lived pullbacks but they will be hard to time and will just be a buying opportunity.
On a different note, I have a FP on NVDA from last year for 160.22, which if hit in the next day or so would be a decent short for a pullback of 5-10 points I'd think. Most all of the FP's when hit produce a turn for at least a day or two, so this one should be the same. Hitting the FP will run all the bear stops from the 1/6/25 prior high and the 11/21/24 high. Those were double tops at 152.89 and 153.13, so if we hit 160.22 I think all the bears will be taken out. It should then pullback to that support level at minimum I'd think. That's all I have for now.
Have an blessed day.
