NVDA Is at a Decision Point. The Next 2 Weeks Could Define the Rest of the Quarter.
Everyone is watching AI headlines, but the chart may matter more right now. NVDA has rejected resistance and is sitting directly on trendline support. The wedge keeps tightening, and historically, this kind of compression rarely lasts.
Price remains below the 8 and 21 EMA, but the week isn't over. A close back above resistance could reopen the path toward all time highs. Lose support, and the next major technical area is the weekly 50 EMA and the POC in the low $180s.
Institutional positioning remains mixed, with options activity still elevated ahead of key AI spending updates and upcoming earnings expectations. Over the next three months, AI infrastructure demand, hyperscaler capex guidance, and semiconductor earnings could become the next major catalysts.
Is the market underestimating the next leg, or is this finally where momentum cools?
