Shorting NVDA is premature at the current double top; the preferred entry is near the trend line at ~255+.

Well, once again, the Nasdaq 100, which is weighed down by stocks like Nvidia, and Nvidia is performing very well today, has already touched its double top here. Nvidia hit a new all-time high earlier today, but has since retreated from those levels, and is still up 1.3%.

Now, you might ask, "Should I short sell at this double top?" My answer is no. why not ? Because look, there is a history of Nvidia rising towards this trend line . This is where I would short Nvidia here, and on the charts it would be around 255 or higher , depending on the price it reaches.

Now, is there any guarantee that Nvidia will reach that level? The answer is no, there isn't. But if I get there, I already have a plan of action for what I'm going to do.

So you can see that Nvidia is rising, but many other players are not rising today, right?