8/27/25 Recap

The SPY continues that slow grind up over the 8 ema, today is going to be a big mover, NVDA reporting is 8% of the market so we will get a big move unless NVDA itself is flat. The big thing to watch here is the 21 ema is just 1% lower, we easily could break that tonight if NVDA dumps hard. In that event you would probably want to exit alot of things tomorrow or just de-risk right now if you don’t want to take risk. We all know that NVDA should post great numbers, they should be able to sell all they can build for a long time, the one concern from many is how will they guide in regards to China. If they have a strong reaction the market is going to open at new all time highs and if they don’t, because we’ve consolidated for so long, we will be breaking down again likely headed to that 50 day just under 630 and rising.

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