Last time $NVDA dropped 8 days straight, $BTC was at $5,500, $SPX was around 2,750, and $MU was a $30 stock. Covid wasn't even a thing yet.
Tomorrow $NVDA tries for day 8 red.
This is a rare setup. Eight-day losing streaks don't happen often for mega-cap AI leaders. Historically, these extended drawdowns create mean-reversion opportunities, especially when the underlying narrative (AI supercycle, data center demand, Blackwell ramp) hasn't broken.
The context matters: $NVDA is down on profit-taking and rotation, not a fundamental crack. If it closes red tomorrow, that's capitulation territory. Watch for a reversal candle or volume spike on day 9. Risk/reward favors a bounce trade if support holds around recent lows.
This kind of streak is either the start of something worse or the end of a shakeout. Given AI momentum and $NVDA's role as the supercycle anchor, I'm leaning toward the latter.
Tomorrow $NVDA tries for day 8 red.
This is a rare setup. Eight-day losing streaks don't happen often for mega-cap AI leaders. Historically, these extended drawdowns create mean-reversion opportunities, especially when the underlying narrative (AI supercycle, data center demand, Blackwell ramp) hasn't broken.
The context matters: $NVDA is down on profit-taking and rotation, not a fundamental crack. If it closes red tomorrow, that's capitulation territory. Watch for a reversal candle or volume spike on day 9. Risk/reward favors a bounce trade if support holds around recent lows.
This kind of streak is either the start of something worse or the end of a shakeout. Given AI momentum and $NVDA's role as the supercycle anchor, I'm leaning toward the latter.