Low option volume raises concerns for Nvidia's momentum, potential resistance levels noted.

From Investing.com: 2024-10-15 02:24:00

The trading volume was notably low, with roughly 830,000 contracts traded compared to 808k on the previous day. Questions arise about expected October selling, as volume continues to decline. S&P 500 futures broke through the rising wedge pattern. NASDAQ futures hit the upper trend line but failed to break through, indicating potential resistance. Nvidia reached a new closing high, but needs to surpass its prior intraday high. Option volume was significantly down. The stock price stalled at $139.60, a previous resistance level. A wave of earnings reports, options expiration, and increased trading volume are expected in the upcoming busy week.



Read more at Investing.com: Nvidia: Declining Option Volume Hints at Waning Momentum