If you’ve been watching this market, you know we’re pushing up near some serious resistance levels — and we’ve got a couple of big names setting up for actionable trades.
Right now, Nvidia (NVDA) and Apple (AAPL) are both sitting at key inflection points, with their gamma structures and technicals lining up to tell us exactly what to watch next. Let me show you.
Nvidia Is Coiling for a Break — And I Like the Odds
Nvidia has been banging up against its largest gamma level — right around 142 — for five straight sessions now. It’s been acting as resistance, but what’s interesting is how the stock keeps pulling back to the EMA 8, holding and then coming right back up.
If it keeps doing this, it’s going to wedge tighter and tighter — and eventually, that wedge should break. Given the gamma structure, I think the most likely break is to the upside, with 145 and 150 as logical targets.
So I’m watching closely for that break. If it happens, there’s plenty of room for a clean move through those next two gamma levels.
Apple Looks Tired — and the Gamma Picture Could Fuel a Pullback
Apple is a very different setup. It just tagged its 205 gamma pocket — the stock hit a high of 205.70, then pulled back hard. Now it’s sitting right at an area where multiple moving averages are stacked overhead.
Even more interesting, a large amount of positive gamma is expiring today. Once that burns off, the 205 level will likely lose its pull — which means we could see a move lower as market makers unwind their hedges.
Add in the fact that the broader trend on Apple is still leaning bearish, and I’d rather be short than long here. If I see confirmation of weakness after Friday’s expiration, I’ll be looking to trade it to the downside.
These are two very different trades — one where I’m watching for an upside breakout, and one where I’m watching for potential weakness. But both are lining up beautifully with what I want to see from both the gamma structure and the technicals. And when they line up like this, that’s when it pays to stay ready.
Kane Shieh
Kane Shieh Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
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