Ominus Foreshadowing
I have studied and followed the stock market for almost 60 years. Today may be the biggest bull trap in history.
Under the cover of ONE stock, Nvdia (NVDA), the market is hiding extreme weakness across the board. There are negative divergences everywhere.
I don’t know if this leads to a crash, but it looks like something bad is about to take place. This is a 3 day holiday weekend coming up. Batten down the hatches.
The sharp decline is going to accelerate in this last hour. NVDA while still closing higher will probably end up below 1,000.
Nope, $1037.99