Market recap of intraday trades in NVDA and SOFI. NVDA dropped from a $134-$135 target to $105.28 and is now trapped between $126-$128, with a potential short setup if it breaks lower. SOFI had a bearish setup below $143.1 with entry near $14.14-$14.16 after a volume spike.
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Hello traders, it's Thursday, February 27th at 11:36 AM. Let's recap our trades for today. Well, Nvidia turned out to be a nothing burger on earnings and it hasn't done much today. We were able to capture it on both sides. We were bullish above $134 with a target of $135, which was one of our targets, and that occurred pre-market. $134 up to $135 as a target. And then After the open, we were bearish below 130.80, and it hit one, and it hit all the way down to 105.125.28, right? So, so this actually just rocketed on the way down here. We had mapped it out to this S1 here at 126.40 is where we mapped it out, and it went all the way down to 105.28 down here. So it's stuck in this range between This support and this one here, so $126 to $128. It's kind of stuck there. So if we break and close below, then maybe we'll, um, might be a shorting opportunity. Usually if they're selling, the institutions normally sell up to 3 days after. So if this is going to continue down, we'll see if we can fill this gap down here around $118. Anyway, that worked out on both sides. The other one that we were looking at is SoFi. And this one here, um, we caught this one on the downside. It didn't really trigger anything on the upside. We were bullish above 1512, so that never— we wanted to get above this up here, right? And, um, and then we were bearish below 1431. And why we chose that, there were some pockets here, but they were so tight just to scalp, so we wanted to get below this 1431. And then get down to this 14.16, 14.14, and that was kind of support because look what happened— massive volume increasing candles, then dead stop. This reversed very quickly. That's a good entry on the reversal holding this support here to go to try and work your way back up. There is all of this resistance though on, on the way back up there. So anyway, uh, SOFI worked out on the downside for us as well. So those were your 2 trade setups. Hopefully some of you made some money on that. Please like and subscribe and comment, and we'll see you tomorrow.
