$NVDIA is possibly reflecting the market conditions the best, it is reaching the long-term channel up high in a narrow range channel. We have 5 days till the next earnings announcement and the expectations are quite high. Fundamentally P/E ratio of the $NVDIA at the moment is almost 90. Someone would say that this is usual for a tech company but it should be quite rational to question the ability of the stock to outperform more as the technical bulls are expecting, this is not just a question only for this stock this is a question for the market in whole, not just this stock. I would look to short this kind of the market not to go long, or in other words those that were buying need to take their profit.
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