$NVIDIA (NVDA.US)$ Nvidia has excellent support building aro...

$NVIDIA(NVDA.US)$ Nvidia has excellent support building around the 840 level on the daily chart relative to its moving average. today's backing and filling and consolidation I believe is going to continue as everyone is waiting for the FED fund minutes to be released their Dot plot, and ultimately tomorrow when chairman Powell speaks and answers questions. interpretation as perceived by others relative to being hawkish or dovish the careful selection of words that he uses and how people view them as to any rate cut is coming and the frequency relative to inflation numbers that are coming out CPI PPI. this is now the 800 lb gorilla in the room that's going to determine the direction of the market this week. if there is an indication of a rate cut coming in June then we will see a rising tide lift all companies the higher beta stocks as Nvidia is will lead the way and we will go north of 924 that we saw two days ago.