Technical Analysis: Nvidia (NVDA) Putting In A Generation Top? Topping Tail Says Be Wary

Chief Market Strategist Gareth Soloway alerts investors to a possible topping tail on Nvidia (NVDA). Topping tails are bearish reversal signals. Considering this is occurring at a cross of the $5 trillion market cap, investors should be very cautious. This could be a generation top on NVDA. In addition, Gareth dives into the S&P 500 chart alerting investors to be aware of two major trendlines of resistance that are being hit. These trendlines go back years. In technical analysis, that means they usually have more power. The combination of NVDA topping tail and S&P major resistance could spell trouble. In addition, investors await the FOMC decision, major earnings and the US/China trade meeting. All could have a major impact on the markets.

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