$NBIS never made a higher high. Internal structure is still bearish.
After that 30% squeeze last week, I posted about taking short‑term profits for anyone who went long.
From here I’d expect a redistribution lower into the $140–130 area.
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$MRVL Big test coming Monday.
S&P 500 inclusion news after hours gave it a push. Not a massive spike but meaningful that kind of news brings real buying. Index funds have to buy it, no choice.
But the chart is what matters. That gap zone sitting below current price around 250 is the key level. Below 250 and we're in gap fill territory and gaps tend to get filled.
Look at the volume profile. Huge volume node built right in the 260/280 area. That's where most of the trading has happened. Price needs to hold above that zone for the bulls to stay in control.
Hold 250 on any pullback Monday and the setup stays intact. Lose it and that gap below becomes the target.
News helped. Now the chart takes over. Watching Monday closely.