The entire market was moving in slow motion in advance of Nvidia’s earnings - after all, we’re talking about more than 6% of the entire S&P 500. It’s the 1,000-lb gorilla of stocks.
Over on the NASDAQ, where Nvidia is even more important, there was more than $4.50 worth of expected move baked into QQQ at the close… and before the earnings.
I’ll show you my screen in a second - it’ll be wild for you to see the impact of the anticipation in real time. (And, yes, we’ll talk about things other than NVDA, but this is going to be cool.)
Watch…