Nvidia's September market forecast | Target price in the 90 range

First of all, I would like to declare that making stock price predictions is only to facilitate the adoption of necessary trading strategies to make money. When the predictions are correct, it is just luck. There is nothing superior about it. Once the direction prediction is correct, we need to implement it in trading. Making money in a declining trend market is our goal.
Here, let me share a few random predictions that I made before, to strengthen my own thoughts for the future.

Next, let's get to the main topic: How will Nvidia's market perform in September? When and at what price is it suitable for bottom fishing?
1. Nvidia's earnings market review:
As the previous speculations have been confirmed, the confidence in the speculation has also become more confident. I would like to thank the analysis and judgment shared by the brothers in the group.
Since the split, Nvidia has experienced a large-scale sell-off in late July and early August, with the stock price dropping from 140 to the double-digit range of 90. In early August, it was determined that Nvidia would rebound to 115, and the stock price rebounded from 90 to 130, confirming this speculation. The price of 130 is much higher than 115, indicating a bit of overpricing, but the rebound strategy is validated, which strengthens confidence. The next step is to see how far the earnings report situation can decline.

2. Nvidia's September market forecast:
Currently, with the release of the earnings report, Nvidia's earnings report is better than expected but lower than the market's expectations. Therefore, it opened after-hours trading with a 7% decline.
Many people may not understand why the stock price would drop so drastically when the earnings report is good. This involves the model and mindset of stock market operation. First of all, Nvidia's drop from $140 to $90 is a stock split where retail investors take over and institutional investors sell off. Since the stock split occurred at the end of July, there is still a considerable amount of time until the earnings report on August 28. If the stock price continues to fall during this period, the institutional investors will have no room to sell, resulting in no profit. Moreover, Nvidia's fundamentals are there. When off-exchange funds in the range of $400-$1200 did not capture this opportunity and enter the market, they hesitated and bought in, resulting in the rebound market of $90-$130 during this period.
In order for the institutional investors of a stock to completely sell off, there must be buyers to take over, and the stock price cannot plummet. Therefore, they need to use positive news to continuously increase the stock price, attract retail investor funds to enter, and then sell their shares. Therefore, the earnings report is a good opportunity. In this rebound market, the institutional investors are both buying and selling. When the earnings report is released, it's all about speed. When the earnings report is released, we also see a 7% decline.

The expected opening price tonight is around 113, and it may drop to the 110 price level again. There is also a chance of a 3-5 point drop tomorrow, which means that the closing price for this week may be around 105.
Entering September, with the news of a rate cut and the expectation of a market correction, the September market for Nvidia and the overall market will experience a downward trend.
Perhaps Nvidia will experience a rebound around the 100-105 price level, as it has been declining significantly for three days, which gives many off-exchange retail investors the expectation of a rebound. Our CM chip indicator also shows that retail investors are entering the market in full force.

When we see that it is mainly retail investors entering the market, at this point, we can basically short sell or buy put options without much thinking. Overall, according to our DKW and CM indicators, it will be very easy for nvidia to drop below 100 next. For friends who are not used to or do not like short selling, please buy in the range below 100. For friends who like to short sell, please take advantage of the current price and the downtrend around the 90 mark.

In conclusion, let me quote the words of the leader in our group: Do not easily get on the cars of Nvidia and Tesla. Those who say Nvidia reverses to pick up people will also be the victims of Nvidia reversing to run people over.