hey all welcome to shre this is Raj here good morning and we are on Nvidia watch everybody's on Nvidia watch and things are going to be made or broken this evening when Nvidia reports and in that Spirit we going to take a quick look at what where the market is this morning it's 28th of August 7:49 p.m. and I'm going to keep this short and very specific to [Music] Nvidia and we are here in our uh Nasdaq futures and this is a chart for Nasdaq futures uh mildly negative uh minus 0.3% that's not much the fact that the candle today is green indicates that we started lower and we got support from the 9-day exponential and got pushed up uh momentum is also above average magd is also bullish so we still have an opportunity to eek out a good day now uh yesterday when we closed I was saying that we follow the common path down which we did beyond that we have Divergence we have one path which says we're going to bounce off and retest uh 48720 which is a resistance the other path takes us all the way down uh to support at 44917 and then we retest uh the resistance at 4741 N I think we are still on this particular path uh which is going towards uh rebound and a test of 48720 assuming Nvidia results are going to be positive and Nvidia results can move the entire market and uh the Mac 6 so if you look at the momentum out here the momentum is above average and moving upwards and macd is also bullish so overall I'm positive and uh NASDAQ pre-market uh is mildly negative at minus uh 05 and we'll see what happens because even with the mildly negative it is above the support of 4741 n it's currently at 47676 so that is still optimism out there next let us go directly to Ai and look at the key figures out here um Google is down 8% pre-market Tesla is down 32% pre-market however apple is up1 18% pre-market meta is up 0 1% pre-market Amazon is down- 0.08% pre-market Mark Microsoft is down- 0.01% pre-market AMD is down. 13% pre-market pantier is down 49% pre-market and FNG is down 0.20% pre-market now let's go to the big one Nvidia Nvidia is up 0.2% or .3% pre-market and this is the formation that we have here and we have this diagonal line of support from the previous bullish um penet and we are still getting support from that and the 9-day exponential moving average 9-day exponential is at 124.5 and pre-market Nvidia is up 05% and it's at 128.3 7 so our support is still intact and we are going to have a resistance out here at 13010 and then the next resistance is going to be at 135.8 to so I expect today to be a very volatile day for NVIDIA because people who feel that Nvidia is not going to deliver are going to try and sell and there are many people who are sitting on huge profits with Nvidia especially people who bought it at 9224 or people who bought it at 76.2 and those people are going to try and take profits and make sure that they don't have 100% of their Holdings in Nvidia so expect some selling from those people then there will be those who have not had Nvidia and who want to make some profits and who think more upside is in front of us based on the past record of Nvidia they will be piling into the market so the effect of both of these things is going to be more of consolidation and I expect that we are going to be navigating this bull flag out here so this is my bull flag we're going to be navigating this bull flag out here and we'll have to break out on the upside which is how bull Flags break out and that could potentially happen after hours and tomorrow so that's what I'm thinking about so it's very crucial in my opinion uh that we break through this uh 10 I think this is somewhere around 13044 we had to break that level either during the day or uh maybe after hours and the expectations here are EPS of 645 and revenue of 28737 billion and I think Nvidia will exceed them the other key factor is what is happening with Blackwell is it going to be delivered in October and also we have to look at the fact that uh the market is Keen to look at the forward guidance because that's how we would know whether the uh GPU Rush is still on and um yeah so that's what I'm thinking I still bullish on Nvidia if I get a chance to dollar cost average I might do a little more today uh I'm all in as I said so friends uh please let me know what you guys are thinking about and uh please I look forward to your comments I'll catch up with you again in between the day with more updates on whatever significant might happen uh interim thanks and have a great day bye for now [Music] [Music]