Steve Miller on $NVDA (Oct 31, 2026)

Nvidia, of course, is the one everyone is watching with a huge rating. This is where the momentum shifted directly downwards. It is at a support level now, as you can see. Now, look at this course.

This formation is upward. This meant that the next surge would likely reach a new record high, and it did. Now the price has dropped to the support level, and the momentum has turned downward.

So when the momentum turns downward, it is likely to continue to decline , and this could continue until January or February of next year. Here you can see a left-side lateral shift pattern forming in this cycle.

This means that the price may fall here and will continue to decline until November, like the rest of the stocks at that time.

So, it's at a support level, but that's a really bad pattern , and for me, if there's a slight bounce here, it's likely to be a selling opportunity. Even if you're interested in buying Nvidia, this doesn't look like the right time, and it might not be the right time at all, especially for investors, until next year. That's Nvidia.