SMCI down 2/3 from ATHWow, look at SMCI. Let's hope this is not a prelude for NVDA tonight.
GM All: Live: Algo 6 trades: 66% rate, net +8.If I may ask, what's the general strategy of your algo?
Out 5600long 83. SL 10p.
5 day chops (on average) are very frequent at market tops. If NVDA reports tomorrow, that will definitely be a catalyst for what's to come.
This marks the 4th day of chop. With NVDA reporting shortly, not sure we'll get another one. Time to load up and ride the wave.I'm expecting today's HOD as the pivot point. We might chop around for the next 5 days but eventually we're heading down from here.

Sorry, didn't read your post before posting mine. Anyway, I believe we will very likely break out of the chop zone tomorrow. My thinking is more towards the low than high, but gonna keep my mouth shut for now.Chop ended today, although it didn't seem like it on the Open. Believe it or not, but I caught the short today and held it for a big one.
Today's LOD was the monthly Open on ES and last week's low area.
Nvidia in 10 minutes, I think. Crazy that one stock appears to exert so much influence on the markets.
Still have a good shot at closing August green, I think. Then we'll see if we get any sells in September. Funny if it starts already today/tomorrow.
