1. Look at the Algo Terminal at the top of the page.
2. June 1, 2026. The 10-period simple moving average gives a clear sell signal after the close of trading.
3. June 2. After trading opened on the NASDAQ exchange, I sold a CFD contract at 426.03 for $1,000 with 1:5 leverage.
4. June 5, the trade closed at a take profit of 401.
5. Profit of $293! 30% in a week.

The daily chart for NVIDIA Corporation (NVDA) exhibits classic textbook signals of a macro trend reversal. After a powerful bullish rally through April and early May that pushed the stock toward the 230–235 USD resistance zone, momentum has sharply exhausted. The confluence of a prominent bearish divergence on the MACD, a bearish MACD crossover, and a rapid breakdown in the RSI suggests that the bears have taken control for the medium term.

The manual projection drawn on the chart (the steep pink downward trendline targeting the 160 USD region by July) aligns well with historical structural support, though the velocity of the decline may experience minor short-term relief bounces along the way.

1. Price Action & Structural Levels
The Peak and Reversal: NVDA formed a local top near 235 USD in mid-May. The subsequent candle formations show aggressive selling pressure, characterized by lower highs and lower lows, breaking below short-term moving structures.

The Projected Path: The drawn pink trendline anticipates a sharp, uninterrupted correction down to the 160 USD area by July. Structurally, this target is highly logical: the 160–170 USD range served as a heavy accumulation/consolidation zone throughout February and March. Markets love to retest old breakout origins.

Immediate Support/Resistance:
Key Resistance: 218.16 USD (Pre-market level) and 221.00 USD.
Immediate Support: 200.00 USD (Psychological level and early May swing low).
Major Structural Support Target: 160.00–169.00 USD.

2. Momentum Indicators Breakdown
MACD (Moving Average Convergence Divergence)
The MACD is providing the strongest warning sign on this chart, explicitly highlighted by the manual trendline drawn between April 16, 2026, and May 20, 2026.

Regular Bearish Divergence: While the underlying asset price made a clear higher high (rising from ~210 USD in mid-April to over ~230 USD in mid-May), the MACD histogram and MACD lines printed a distinct lower high. This indicates that while prices were making new peaks, the underlying institutional buying volume and velocity were actually diminishing.

Bearish Crossover: The blue MACD line has crossed decisively below the orange signal line above the zero line. Furthermore, the histogram has turned negative (red bars accelerating downward), confirming that bearish momentum is expanding.

RSI (Relative Strength Index)
Momentum Downdraft: The 14-period RSI peaked deep in overbought territory (>70) during the mid-May price top, signaling an overheated market.

Mid-line Breakdown: The RSI has plummeted to 53.71, breaking cleanly below its yellow SMA (63.36). Because it has broken the upper bullish regime but is not yet oversold (<30), there is substantial "empty space" for the RSI to continue dropping, supporting the thesis of a deeper price correction.

3. Market Forecast & Strategic Outlook
The technical setup heavily favors the short/bearish thesis over the next 4 to 6 weeks.

Bearish Scenario (Primary Focus)
Expect price action to gravitate downward toward the psychological 200 USD handle. If institutional buyers fail to step in there, a cascading sell-off toward the structural support zone between 160 USD and 169 USD is highly probable by mid-summer. The steepness of the drawn line might be slightly dramatic in terms of time—markets rarely move in a perfectly straight line without dead-cat bounces—but the ultimate destination is technically sound.

Invalidation / Bullish Alternative
For this bearish macro view to be invalidated, NVDA would need to immediately reclaim the 221 USD level on high volume, print a higher low, and squeeze short-sellers back past the 235 USD absolute peak. Given the current configuration of both the MACD and RSI, the probability of an immediate bullish breakout is low.

Critical Resistance – 235.00 USD – Major swing high; invalidates all bearish setups if broken.
Pivot Resistance – 221.01 USD – Recent daily high; bulls must reclaim this to stabilize.
Immediate Support – 200.00 USD – Psychological floor; a break here accelerates the drop.
Macro Target Zone – 160.00–169.00 USD – Primary demand zone and the ultimate target of the current correction.