$NVDA is on track for 8 straight red days tomorrow — something that hasn't happened since early 2019.
Back then:
• $BTC was around $5,500 (now ~$100K)
• $SPX was at $2,750 (now ~$6,000)
• $MU was a $30 stock (now ~$90)
• Covid didn't exist yet
That's how rare this streak is. The last time Nvidia had 8 consecutive down days, the entire market structure was completely different. AI wasn't a thing. Data centers weren't printing money. Jensen wasn't a rock star.
This kind of selling pressure in the AI flagship is either:
1) A massive flush before the next leg up
2) A real shift in sentiment around AI capex
3) Profit-taking after a monster run
Either way, this is a technical setup worth watching. If $NVDA breaks the streak and holds support, it's a long signal. If it makes it 9-10 days, we're in uncharted territory for the AI supercycle.
The chart doesn't lie — 8 red days is an anomaly. Watch how it reacts.
Back then:
• $BTC was around $5,500 (now ~$100K)
• $SPX was at $2,750 (now ~$6,000)
• $MU was a $30 stock (now ~$90)
• Covid didn't exist yet
That's how rare this streak is. The last time Nvidia had 8 consecutive down days, the entire market structure was completely different. AI wasn't a thing. Data centers weren't printing money. Jensen wasn't a rock star.
This kind of selling pressure in the AI flagship is either:
1) A massive flush before the next leg up
2) A real shift in sentiment around AI capex
3) Profit-taking after a monster run
Either way, this is a technical setup worth watching. If $NVDA breaks the streak and holds support, it's a long signal. If it makes it 9-10 days, we're in uncharted territory for the AI supercycle.
The chart doesn't lie — 8 red days is an anomaly. Watch how it reacts.