On July 17, 2025 it was noted that a decline similar to what occurred between August and October 2023 is expected. This was based on NAAIM Exposure Index readings and a rising wedge formation in the S&P500.
A significant number of very large 7-figure NVIDIA block trades crossed the tape between March 2025 and May 2025. This would be Market Makers accumulating stock. As NVIDIA moved higher in June and July, a steady pace of large blocks crossed the tape. This would be Market Makers distributing stock to pension funds, hedge funds, etc.
NVIDIA has also been in the process of completing a 5 point chart that is similar to 2001 and 2007. One feature the following charts have in common is a stock split prior to, or during, the final rise to point 5. When NVIDIA crossed its lower trend line going to point 5 a sharp decline occurred in 2002 and 2008.
There is a high probability that the items noted above indicate an upcoming decline could be much larger than expected.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of http://StockCharts.com.
