An hour before the close NVDA is on the verge of triggering a speculative short trade, as per our discussion from earlier this week. NVDA Hourly Looking for five waves up and a break of the hourly trend channel. Half-way there. Right now there is a 50-50 chance of the hourly trend channel breaking down, meaning a 50-50 chance it holds and NVDA goes on to make new highs on a fresh leg up. Not good odds for a short trade, unless and until that lower channel is broken, a print below $132. Will revisit in the Weekend Update, due out tomorrow. NVDA July Puts
