NVDA re-testing the $200 mark by Friday's close?

Watching $NVDA closely this week. It's been a bit of a rollercoaster, bouncing off its recent highs. We saw it hit 199 today, just slightly off its daily high of 201.65, and it's been trading within that 196.58 to 201.65 range. The general market sentiment, exemplified by $NDX being down a bit at 29220.057, isn't providing a tailwind, but $NVDA has its own gravitational pull right now. I'm seeing a reasonable chance it re-tests and potentially closes above the 200 mark by Friday's close.

The reasoning is primarily based on the underlying strength in AI demand that seems to absorb any dips. There's also a psychological component to the 200 level, and a solid close above it could signal conviction. I'd put the odds at around 60% for a re-test and close above $200. It's not a certainty, given the current volatility and broader market headwinds, but the buying pressure on any significant dip for NVDA has been consistent. If we see a strong positive catalyst in the broader tech sector, those odds increase further. On the flip side, if the $NDX continues to soften, $NVDA could drift back towards the 195-196 support. Just a thought for monitoring, not a trade call.