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Nvidia Earnings LIVE STREAM TODAY!
Here's the quick update
Hey Options Trader,
Today is going to be a shorter newsletter as the market is at a complete standstill going into Nvidia earnings. Unfortunately I believe these earnings need to be over and done with for the market to pick a short term direction.
Here’s whats going down:
Quick overview of the markets
Link to my livestream TODAY! @1:30pm Pacific/ 4:30pm Eastern
QQQ & VIX - Market standstill, but elevated fear today
We saw a nice little spike in volatility today. The fear has not completely subsided due to Nvidia earnings weighing heavy on the indexes. If NVDA reports bad earnings we may see a dip on QQQ back to $480 which would be a great buying opportunity. If Nvidia does well, I believe we push to new highs in the next week or two.
QQQ sticking with the recent trend line and back into the ascending triangle.
VIX popped up to $18 today with elevated fear going into NVDA earnings
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