The darling of AI and the tech bull market is at a critical juncture. There are two possibilities looming from the chart below. Either NVDA catches a bid and runs to the top of the smaller, downward sloping channel, or it totally breaks down below the longer term upward sloping channel, taking the whole tech universe with it, including QQQ which would propel SQQQ up...way, way up. Tomorrow, pre-Open, December CPI numbers are reported. That very well could tip the scales, one way or the other. NVDA SQQQ Calls I've been rolling some of my Jan 17th SQQQ calls into Jan 31st and Feb 21st expirations, just in case I am right in my prognostigation of hard down, but off a few days, or weeks, in the timing.
