Stock Market CRASH: NVDA Tanks Stocks & NASDAQ Futures in After Hours

okay we had Market down ahead of Nvidia earnings on Wednesday the down was down 159 points down 39% S&P was down almost 34 points down 60% NASDAQ was down uh 1.12% 199 points rounding up the Russell down .65 the vix was up over 10% 10.89% uh rising to 17 just over 17 17.11 we had the Nvidia earnings they beat stock has been down Nvidia was down by uh 2.10% for the session and currently um over half an hour to earnings it's currently down 4.15% it had tanked about 8% initially uh it it tried to pop and then it dropped then attempted a recovery and right now uh it went it had rebounded and it was down just about 1% uh and then now currently down about uh 4.15% there see how it closes out but again if we see Nvidia sell off as I keep saying again S&P or NASDAQ could pull back back and then go up and fill the Gap at a later date of the FED pivot on September 18th so again if we do get a sell off with NASDAQ and NASDAQ got a u a bearish momentum signal today well signals taking place I'll show you that but down around 4% at the moment for NVIDIA and Nvidia did beat on earnings and revenue both the guidance going forward is also beating expectations now here's a 5-minute chart of Nvidia after hours here you can see uh right when the report hit there was a bounce at 20 minutes after the market closed and then this big ugly selloff dropping about 8% down to that low right there and then now this attempted rebound this is the 5 minute chart uh so this is what's going on and again currently down around 4% or so see how it closes by tomorrow daily time frame we've had red awesome oscillator bars on Nvidia we've come back and we filled the Gap at 126 the semiconductors have not filled that same Gap and that was the Gap lower that Gap fill on the S uh NASDAQ 100 at 20, 398 uh we've had again this rebound back up to fill the Gap at 126 uh and then we've gone sideways now we're selling off at the moment we'll see what happens but again if we do uh see a sharp sell off by tomorrow uh we could get a bearish momentum shift right here on Nvidia we did get it today on the NASDAQ in the daily time frame this is NVIDIA got it on the semiconductors the semiconductors again we've had the close below the 10 period now we've get the reversal of conditions here for momentum uh in the daily time frame for SMH the semiconductor holding uh ETF and again you've had the red bars here so again NASDAQ did the exact same thing it struggled at the 50 period moving average here again it's not come back up like Nvidia to fill this Gap uh back over here and this Gap this Gap took place uh on the 17th remember the S SMP peaked on the 16th and it diverged with the semiconductors it diverged with NASDAQ at that time uh where semiconductors had already peaked and so did the NASDAQ uh there NASDAQ on the 10th semiconductors on the 11th of July so now we get another uh Red Bar here see the little red arrow the rejection at the 50 so again uh if we do get a bigger pullback uh I think both semiconductors here and NASDAQ I think that if they do get a bigger pullback uh they'll eventually come back and fill this Gap as we move towards uh the uh the FED pivot the FED cutting rates but I think the semiconductors have peaked I think that uh Nvidia has likely peaked and also the NASDAQ has peaked I think the S&P has peaked uh but it's not making new highs yet I told you I've been watching to see if we get a sell off and then go make new highs or do we try to do it uh immediately so right now we've got this red going on here with the semiconductors nasdaq's doing the exact same thing here is the NASDAQ so we'll be watching to see what happens with nvidia's close but ahead of the Nvidia earnings we saw NASDAQ sell off it was down 1.18% it was down 231 points and we saw the cloud U taken out we saw the red bars continue here so again versal of conditions with momentum again I believe that NASDAQ eventually go back up and fill this Gap but I don't think it's going to make a new high as I've said I believe it peaked over here I told you to be watching for a reversal back at that time Bel the uh upper Bower band not seen on this chart slamming into major resistance which I addressed in yesterday's video and again I told you the very next day on the 11th uh we sold off with the CPI 500 points I told you we I thought we'd rebound back up get a lower high but I told you I thought thought NASDAQ had peaked and I've been saying that ever since still think that very few people have the guts to tell you what they think if this is a five Le push lower I think you can get an A A B and then a c and come back up and fill that Gap and get still get a lower high on NASDAQ I do think S&P will make a new high could see an ABC move under construction with NASDAQ but uh by today's close we did did get that uh we did get that red bar we did get momentum officially shifting here uh on the NASDAQ with the bar is turning red holding below the 10 period moving average but now taking out the cloud and getting our second red bar here S&P did not get it and these divergences in the 60-minute time frame we very well could see the S&P join the NASDAQ uh if the signal remains bearish we did get the first Red Bar today on the S&P 500 daily chart uh again you've got this Divergence here on the stochastic you've got the diverences going on in the 60-minute time frame triple negative Divergence as I've talked about uh and again trying to take out the 10 period moving average NASDAQ already did it S&P turned down and then we turned back up we close pretty much right at that 10 period moving average we get more red bars again NASDAQ and S&P can both pull backp will likely eventually make a new high and fill this Gap up here we have not done that yet NASDAQ if it gets a a bigger pullback still think it will go to that 2,000 398 area and get a lower high but it did get a red bar here uh wouldn't be surprised to see a reversal of conditions here meaning we get red a red bar a Red Cloud to P tomorrow joining the NASDAQ again likely uh building momentum back if if in fact we get it see how Nvidia closes again it's uh it's not over until we get to close tomorrow um look like an after hours on into the uh uh early hour uh early hours of trading before the Market opens up tomorrow and then we'll be watching the close for NVIDIA I'll be watching to see does the SM he join the NASDAQ and get a reversal of conditions tomorrow do we get another red bar here but uh and I do believe it will eventually make a new high now we did see a surge of over 10% of the vix it's back above the 50 so again it's possible we get a bigger sell off at the market uh again if we do I do think SMP will go up and make a new all-time high if we do get a bigger sell off right here right now uh and NASDAQ again likely uh will not it close back above the 50 we are seeing a surge of vola volatility of greater than 10% that means that the vix is predicting that in the next two trading sessions the S&P will either get a bottom or a bounce go a whole lot lower before that happens get a bigger sell off we could get a bounce and uh again still continue on Lower NASDAQ is going to form an ABC type of a correction could get a bigger sell off see if we get a more mild one on the S smpp keep your eye on the uh on the vix here please support the Channel with the link directly below that allows me to be able to provide you this information if you like the charts you like the information um consider supporting the channel I don't have it any sponsors just a direct relationship with you do need you uh respond in order to make it work so please let me know you want these videos you like these videos by supporting the channel today just follow the link below you can go to uh donate at a secured site you can donate any amount you want or make it a recurring donation if you do that I thank you but please consider partnering with me today and I thank you for that now this is nvidia's daily chart if we see the momentum line begin to flip tomorrow the daily time with the selloff then again be NASDAQ starts a bigger selloff before going higher getting a bigger rebound going back up to the 20,400 area to fill the Gap watching how Nvidia closes tomorrow this the daily chart of Nvidia right here this is the semiconductors and the semiconductor ETF momentum did flip today so again that could give NASDAQ a bigger uh selloff as I've been talking about for a larger ABC move but we did get the momentum flipping today getting rejection of the 50 period moving average for the semiconductors uh the semiconductor ETF so again we'll be watching that we had that uh backto back bearish engulfing uh pattern that formed first right here the bearish engulfing you can't see because the bars are still reflecting the trend at the moment there but I talked about it closing below the upper Ballinger band momentum shifted and then we got another one right there uh and so signals that formed at that time and giving us this big drop on the semiconductors about the semiconductors because again's really moving and lock step with the semiconductors and with Nvidia we're getting momentum shifting we're getting a red bar and we're seeing momentum here turn back into the negative region so risk of a bigger selloff with momentum shifting semiconductors and potentially uh That Could That Could officially shift tomorrow with Nvidia so again as I've been saying I think we get we can get an ABC counter Trend rally uh on uh on on NASDAQ I think we can get a pullback we end up selling off with the Invidia earnings here going forward and then get a bigger rally backup above the highs that were recently made here the NASDAQ 100 but this is a semiconductor's momentum shifting uh not there probably going to see that happen on Nvidia tomorrow but we did get it on the semiconductors today they sold off uh for the Wednesday's session get that reversal of conditions with the cloud I showed you that earlier uh we got the momentum line shifting today on the NASDAQ and we also had the little red arrow sh up again also marking Mo a momentum shift um this is the NASDAQ daily chart and as I've told you NASDAQ this is a five leg push lower we could see this as an a come back down and get a b or a a even a more shallow retracement but if we get a deeper one again it would fit very nicely uh with this ABC move that comes back up to fill the Gap up here at the 20398 level but momentum shifting here as well with the momentum line and little red arrow is showing momentum is trying to shift and try to turn back to bullish here back up here it turned to bearish so again now we're getting it it's very possible that we get a sell off with Nvidia it gives us this this scenario of this ABC type of a structure because again as I keep saying I believe that the NASDAQ is already peaked I believe the bare Market has already started with the NASDAQ the S&P is not there yet the S&P likely going to make a new high so we'll see what happens if we get a deeper pullback here with NASDAQ do we get more of a shallow sill off with uh the S&P 500 but again momentum officially shifting today here on Wednesday ahead of the Nvidia earnings which will likely drag NASDAQ down further if Nvidia continues to have the selloff by the Thursday close it is currently in after hours now the gray shaded area you see right here this is telling us that something big is getting ready to happen but I wouldn't be surprised to see some of these gaps filled come back down and then a big move back up or even move back towards the 200 if we get a bigger sell off but again eventually I think NASDAQ will get a bigger rally back up to higher levels than what we've had over here to fill this Gap but I don't think it's going to exceed this level I think NASDAQ has already peaked as I've said sh you why on the weekly chart featuring that in my videos uh many many times if I'm wrong about the NASDAQ having peaked again we have a channel line still go hit but again often times the NASDAQ and S&P will diverge at major turning points they did back up at the July Peak they diverg from one another okay NASDAQ made a lower high right here S&P made a higher high on the 16th of July predicted we would get a rally back up but then we get a lower high with NASDAQ and S&P would likely diverge with it that's exactly what happened why when we got that bar I told you the S&P was likely peing that day and that was correct told you eventually we'll likely see a larger Divergence between the two and here again I think you're going to get this sell off and then a rebound back up in an ABC formation on the NASDAQ daily chart but momentum uh shifting here today on the NASDAQ um in the daily time frame uh the momentum line the the arrow the the bars reflecting the trend and versal of conditions I showed you you earlier in the video so momentum signals are flipping so I think my scenario has a good shot at playing out now we don't have a momentum shift uh here momentum line or with the reversal of conditions with the cloud that I showed you earlier in the video with NASDAQ have some people probably join the NASDAQ uh before the weekends all likelihood but again they get a bigger pullback if that is now going to happen on the NASDAQ rather than the S&P 500 getting a bigger pullback so we'll be watching again S&P is likely going to make a new high very soon probably ahead of the FED pivot we'll see a new high on the S&P 500 I don't think we will on the NASDAQ and as we form these little divergences on the 60-minute charts as I've been talking about you got a little one right here with momentum so again if we do see begin to shift on the S&P 500 we'll likely see a bigger sell off with NASDAQ but then rebound to a new high on S&P while we get a gap fill and lower high on NASDAQ around that 20,400 area so again going to be watching to see does Nvidia now give us a bigger pullback Nvidia the Catalyst that leads us back back down now remember Nvidia is not making new highs NASDAQ already did that Divergence between the two could be very very problematic for both of them going forward again other bearish signals on nasda not quite yet on the S&P we'll be watching again the gr Shad area is telling us something big is getting ready to happen like over here and we got the drop now again uh p is probably going to go make a new high even if it pulls back it's probably still going to go make a new high to fill the Gap back over here uh on the uh Gap low around the 17th it diverged when it diverged from NASDAQ it made a higher high a few days after NASDAQ peaked on July 10th NASDAQ made a lower high a few days later there are no topping signals here yet so it's likely that this is not a top even if momentum shifts it's likely we're going to see new highs on the SMP 500 now over the weekend I told you to be watching for a triple negative Divergence to form on the S&P 50060 minute chart I told you to watch to see if that will form a negative diversion here on the 4H hour time frame that's now taken place and now we're seeing momentum shift today momentum shift today this is marking a possible short-term top right here a a negative Divergence in the 4-Hour time frame with momentum we have a triple negative Divergence on uh the uh 60-minute chart things like the RSI again wouldn't be surprised to see Nvidia give the uh NASDAQ and the SMP a pullback the S&P goes and makes new highs NASDAQ ends up getting another leg up at after a pullback and gets a lower high merging a larger Divergence with the S&P 500 the 4-Hour time frame forming these divergences uh here on the S&P 500 uh which is giving us today's volatility and likely uh to continue if we get an an Nvidia down day tomorrow uh after earnings here so we'll be watching to see how that unfolds this is the 4-Hour chart of the S&P 500 and I've been talking about a diversions forming here it is now done so so wanted to show you that I talked about the 60-minute charts and great length in detail on my last couple of updates wanted to show you this 4-Hour chart uh and the daily charts here with momentum flipping in the 4our time frame S&P will likely see that happen nasdaq's got momentum already flipped it flipped in the daily time frame the S&P will likely follow suit uh so again uh we'll see how big the selloff is again we do have again a possible 1 two three you know maybe this is four and and then we get go on and get five uh once once this move is done um this is a five L push higher it can't overlap with this peak right here so we'll be watching to see how it unfolds but again we could see a bigger uh sell off with the NASDAQ rather than the SMP but moment shifting here could spill over into the daily time frame with the momentum L shifting we'll see if more signals turn right here uh we this peak over here we got topping signals and we saw the cloud shift tried to get some bullish signals on in here but they failed to be confirmed the cloud held as bearish up until right there the momentum tried to turn back to bullish short-term bullish signals here with momentum but it flipped right back to bearish and we had that 3-day sell off of 8% thep 500 so again I'll be watching these other signals the cloud reflecting the trend we'll see if these begin to fill o spill over if we get a bigger S uh spill over into the daily time frame and see momentum start shifting there nowda 4our chart again we're getting some uh shortterm topping signals for momentum here and then again the momentum line had already turned or we saw that happen with the S&P 500 they diverged also NASDAQ making a lower high S&P making a higher high that's exactly what we had back up at the peak on July 10th de Peak on July 10th it turned down the New York we'll see we'll see if NASDAQ and I had some uh technical problem so I might have had shut off the video here for a second there but again if we can get a bigger sell off I think that you can see something like this where we go back up and end up filling the Gap but making a lower high in all likelihood on NASDAQ so we've had momentum shift in the 4-Hour time frame and on 60-minute chart NASDAQ now we're seeing it in the daily time frame we're seeing momentum shift see if the S&P joins it daily time frame but momentum did shift today on the S&P 4our chart as we saw and we've had it bearish with the triple negative Divergence on The Daily I'm sorry on the 60-minute chart uh for Nasdaq part of me S&P 500 sorry uh celebrating uh my w wedding anniversary traveling a little bit and dealing with a time change making the video in the we hours of the morning so I do apologize for Miss speaking on certain things I'm a little bit tired but again we had sell signals over here and again the cloud flipped the cloud stayed bearish stay bearish tried to turn back to bullish here this bullish signal is never confirmed got bullsh signals here in the 4-Hour time frame again uh these signals were confirmed and Loud flipped right there and again here we are so again I'm going to be watching do we start seeing red the red background the Red Ribbon uh start seeing some of these signals turn bearish here if we take these levels out a larger ABC move on the NASDAQ that's what I'm going to be looking for and again this is the NASDAQ 4our chart now S&P got that Divergence NASDAQ did not it is making a lower high so you have a short-term Divergence between the two we'll see if Nvidia gives us a bigger sell off we'll be watching the close for NVIDIA tomorrow and to see what happens with the S&P uh S&P 500 and the NASDAQ right here as I'm continuing to make the video Nvidia is selling off more uh again initially we had a bounce and then it sold off 8% attempted recovery uh recouped all all the losses uh except for about 1% started selling off more about 4 and 5% now it's down 8.34% in after hours again we'll be looking to see what happens at the uh open tomorrow do we get a gap lower do we get a pullback or reversal starting uh in the market again possibly an ABC move on the NASDAQ now look I talked about these 60-minute charts over the weekend I told you uh again S&P can get a Divergence and diverge with NASDAQ I can get a lower high but I told you if we get a triple Divergence here on the the 60-minute chart we could get a uh a bearish Divergence in the 4-Hour time frame that did play out here uh on the RSI showed you we got a bearish diversion in the 4-Hour time frame with momentum we've now lost the uh momentum line here and the momentum cloud and we broke this other trend line right here so we'll be watching to see does the S&P end up getting a bigger uh pullback or a sell off or reversal and we not only have the diversions here on the RSI but down here on the McD as well we had this Divergence and then this larger uh Divergence a bigger sell off right now the mxcd will remain in a NE negative territory and turn down and go deeper uh if we uh if we uh again I did tell you the S&P is back testing with the log scaling uh the breakdown of the trend line so just keep in mind as we have that negative Divergence on the 60-minute chart you're back testing this trend line and uh again we're getting a a pullback here the diversions played out with momentum uh we got another reference point right here and again taking us below the 50 Below the momentum line going to end up getting a bigger drop then we'll be watching our 200 period moving average uh here on the 60 Minute chart now the Dow the Dow has the same negative Divergence here on the 60-minute chart uh as the S&P so again we'll be watching to see what happens tomorrow's close with Nvidia uh earnings again S&P has a five leg push higher that it could again still uh be under construction where we get some kind of soop but then go back and make a new high the red dotted line is uh this red dotted line right here is uh the high at 5670 which was the all-time high for the S&P 500 L wave of speculation here you can see with the gaps and I talked about with this Gap up here fill first where do we come back down and test the 200 and you know maybe try to go to Gap support or Gap resistance resistance here with this first Gap lower Gap is going to be tested first the one up here or the one down here marked all these gaps and again you have four of them uh with if we get a bigger S with uh S&P 500 uh then I'll be watching see we do we go to Gap support do we try to fill this Gap did we go to the 200 uh and then rebound back up we'll be watching to see what becomes of this move uh with this diversion right here on the S&P 500 you have it on the uh macd and the RSI uh here on the 60-minute chart like I said eventually I do think we will reach new highs uh whether uh we get a pullback first we'll see we'll see how we close with the Invidia earnings tomorrow and how that impacts the market we had that little bull flag I talked about uh yesterday we failed at the 50 period we ended up selling off further with the uh session today and again we're moving here to Gap support you've got the Gap fill below at 19,8 uh then some other gaps come into play down over here did see the triple negative diverges form on the S those triple diverences on the S&P eventually diverged here with NASDAQ so again going to be watching to see um if we get a bigger sell up but again could be if this is a a 5way push lower that again we have an a BC uh type of a move that's under construction that eventually comes back uh fills the Gap here uh but then that's it in an overall topping process and I show you momentum had uh turned with the NASDAQ already uh we didn't have that yesterday with the S&P 500 but we did have it with NASDAQ yesterday and again now we're taking out the uh the 10 period moving average we had tried to push below it then we ended up closing back above it tried to bounce off the 50 now we're closing below the 50 closing below the 10 so again the possibility that we have a very large uh counter Trend where we go this a and then get a b or something even deeper a b and then go on and get a c to come back up here and fill the Gap at 20398 uh and then that's it the market starts uh ushering in much much bigger sell off as we move closer to recession and again fed's going to Pivot because recession is coming the stock market is in a topping process and eventually get a bigger sell off because a recession is coming but with today's sell off again S&P closed there right at that 10 period moving average just a fraction below it but we're seeing momentum turn back down so can we get a bigger sell-off right here surrounding the Nvidia earnings we'll be watching that and like I said eventually I think the S&P will make a new all-time high then I'll be watching again do we just get a mile pullback or something deeper uh but I do think we will eventually uh get a new close to an all-time high in an overall topping process and I believe that we're going to see the top going into the fomc meeting in September that again you're either going to get a top on the S&P ahead of that meeting or with that meeting or shortly thereafter in all likelihood