Well, July 13th, Actually

Thursday, July 13th, is when Tiawan Semi (TSM) is scheduled to release its earnings.

At this point, the date is still an estimate as this link says it could be as late as the 19th.

Either way, we’re going to find out (very soon) if there’s any correlating support for Nvidia’s ‘fantasy‘, $11-Billion.

The historic chart for NVDA (since 1999), shows an incredible rise that has apparently reached a climax top.

That climax is shown by the ‘off-the-chart’ reading of Force Index; never before seen in the 24-years, a near quarter century of trading history.

Nvidia, NVDA Daily Chart, Historical

Moving closer in on the daily, we see the magnitude of the thrust higher.

The gap has been labeled ‘exhaustion’.

That premise is supported by the fact of immense thrust (and volume) higher.

Exhaustion means just that; it can’t be sustained (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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