NVIDIA Corporation (NASDAQ:NVDA) gapped down 3.84% on Wednesday and was falling an additional 3% at one point intraday in sympathy with the S&P 500, which also gapped down and continued to decline heading into the release of the Federal Reserve’s decision on its monetary policy at 2 p.m.
For technical traders the lower prices likely didn’t come as a surprise because on March 29 the stock topped out at the $289.46 level, printed a bearish hanging man candlestick and entered into a downtrend.
