A key Hedgeye Risk Range Signal™ just flipped: Nvidia (NVDA) is now in a Bearish trend.
In this clip from The Macro Show, Hedgeye CEO Keith McCullough breaks down why this shift matters. NVDA’s massive weighting in the market drives major moves—on Tuesday alone, it traded 254 million shares, accounting for nearly 12% of the S&P 500’s total upside.
Yet, despite recent gains, NVDA remains in a Bearish trend.
"In fractal math, we call these emergent properties—developments that set up the next pattern," McCullough explains. "What’s the next pattern? The stock market blowing up? Nvidia has already blown up."
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