The market has spoken, and it wants to cool off on Nvidia $NVDA, which has rallied from around 100 in Dec. 2016 to almost 220 (+120%) by Nov. this year. However, it has since slid below 200. NVDA Daily Chart(click to enlarge)Bearish Correction:- The daily chart shows a bearish correction swing in development.- It has crushed the support around 200 and 191 and cleared below a rising trendline. - The RSI has clearly broken below 40, reflecting a loss of the prevailing bullish momentum.- I think we can anticipate support in the 160-170 area. - It might take some time. The consolidation at the beginning of the year for example took about 5 months, trading between 95 and 120. - I think this might be that type of consolidation. - Note price has consolidated early in the year in 2016 and 2017, so it wouldn't be a surprised if price remains in consolidation in the next couple of months.