My Trading Game Plan Revealed - 11/21/2025: NVIDIA Reversal Sparks NASDAQ Selloff and Trading Opportunities

The stock market just delivered a stunning lesson in gravity. In what Gareth Soloway, Chief Market Strategist at Verified Investing, dubbed "the reversal heard around the world," NVIDIA gapped up on seemingly strong earnings only to close sharply lower, dragging the entire tech sector with it. The NASDAQ 100 experienced a breathtaking intraday swing of nearly 5%, a move that caught hype-driven investors off guard but was the high-probability outcome for those following the charts.

In this morning’s My Trading Game Plan show, Gareth broke down the technical signals that forecasted this dramatic reversal, explained why panic is a trader’s best friend, and identified key levels where immense opportunity is now brewing. This article will expand on those core themes, providing deeper context on the technical setups, the psychology of market extremes, and the specific trade plans now taking shape.

The Anatomy of a Market Reversal

Yesterday’s price action was a textbook example of a market top. The NASDAQ gapped higher at the open, fueled by initial optimism around NVIDIA’s earnings, before the floor gave way. But this wasn’t a random event; it was the culmination of multiple factors that chart-based traders have been monitoring for weeks.

While the narrative focused on NVIDIA’s CEO Jensen Huang and his optimistic projections, the market was quietly growing skeptical. As Gareth explained, there are mounting concerns beneath the surface of the AI trade: data center projects being halted, questionable accounting practices like spreading chip depreciation over seven years when their useful life is only two to three, and a clear rotation of money out of the sector.

When you combine these fundamental cracks with the technical picture, the stage was set. The NASDAQ is now down nearly 7% from its all-time high, a swift and punishing move. While some of this morning’s stability is attributed to dovish comments from Fed officials and a pullback in the Japanese 10-year yield, the technical damage has been done, and the charts are now pointing toward the next phase of this correction.

When the Charts Speak, You Listen

The most powerful takeaway from the recent market turmoil is the undeniable predictive power of technical analysis. Long before the reversal, the charts were flashing clear warning signs. As Gareth stated, “It wasn't me. It was this chart. I want to be clear on that. I have no abilities whatsoever if you take the charts away from me.”

Several key charts foretold this decline:

1. The NASDAQ 100 Parallel Channel: The QQQ broke its long-standing parallel channel, a major bearish signal. Yesterday’s gap up took the index right back to the underside of that broken channel, which has now flipped from support to what Gareth called "epic resistance." The subsequent rejection was a classic technical confirmation that the downtrend was resuming.
2. The Semiconductor ETF (SMH) Warning: Perhaps the most compelling chart has been the SMH weekly. Gareth identified a recurring pattern: whenever the semiconductor ETF reached a maximum of 202% above its 200-week moving average, a major correction followed. It led to a 45% drop in 2021 and a 40% drop in 2024-2025. Recently, the SMH hit that same 202% extension, and just like clockwork, it has begun its track back down. This wasn't a guess; it was pure data.
3. The NVIDIA Head and Shoulders Pattern: On NVIDIA’s own chart, a potential head and shoulders topping pattern is forming. A measured move calculation from the head of the pattern to the neckline projects a target that aligns perfectly with Gareth’s long-standing target of around $150.00 USD. Why $150.00 USD? It’s the area of the previous all-time high before the latest parabolic breakout. Markets love to "retrace into the scene of the crime," testing former breakout levels before finding meaningful support.

These charts demonstrate that while narratives and analyst upgrades can create short-term euphoria, the underlying technical structure ultimately dictates the market’s true direction.

The Pendulum of Fear and Greed

While the financial media portrays yesterday’s sell-off as a disaster, seasoned traders see it as the beginning of opportunity. As Gareth emphasized, "from panic and fear come great opportunities. Some of the biggest money making opportunities out there can be found when panic hits Wall Street."

To understand this concept, think of the market as a pendulum.

"You have a pendulum… And it swings one way, and then it swings the other. So you have overbought over here, oversold over here, and it swings back and forth… greed is the height when you get to max greed, like in this market recently."

Just days ago, the pendulum was at max greed. People insisted the market could never go down, and analysts were tripping over themselves to issue comical price targets on NVIDIA, with one calling for $350.00 USD per share. This is the peak of the greed swing. The reversal we just witnessed is the pendulum beginning its violent swing back toward fear.

As traders, the goal is to capitalize on these extremes. The objective is to short the market at the peak of greed and buy it at the peak of fear. The stocks that fall the hardest often bounce the hardest, creating incredible short-term swing trading opportunities for those with a plan.

A Trader's Hit List: Key Levels in Play

The recent market carnage has pushed several high-profile stocks toward major technical support levels, creating a hit list of potential trades. These are not long-term investments but short-term swing plays designed to capture the inevitable bounce.

• Micron (MU): After breaking its parallel channel, Micron is now approaching a major support level around $192.00 USD. A flush into this zone could present a high-probability bounce setup.
• SanDisk (WDC): This stock plummeted over 20% yesterday. The chart shows a significant support level around $167.00 USD, where a technical bounce could materialize.
• Robinhood (HOOD): While longer-term bearish, Gareth has Robinhood on his buy list for a short-term trade. The level to watch is $100.85 USD, which represents a gap fill level—the "scene of the crime" from a previous bullish move.
• Regetti (RGTI): This name offers a clear accumulation zone strategy. There is a gap fill around $21.95 USD and major support near $18.00 USD. By nibbling in this zone, a trader could establish an average price of around $20.00 USD. A bounce back to just $30.00 USD would represent a massive 50% return on the trade.

This disciplined, level-based approach is the key. It’s not about catching a falling knife; it’s about identifying precise zones where the probability of a bounce is highest.

Crypto Crossroads: A Bounce Before the Battle Royale

The sell-off hasn't been confined to equities. The crypto market has been crushed, with Bitcoin plunging to near $80,000.00 USD. Yet again, this is where opportunity arises.

Gareth’s thesis for Bitcoin is a two-step process. First, he anticipates a short-term bounce. The drop from $115,000.00 USD to $80,000.00 USD is one of the fastest and largest in recent history, making the asset extremely oversold. This could fuel a relief rally back toward the $90,000.00 USD or even $100,000.00 USD level. His accumulation of MicroStrategy (MSTR) at its support level around $175.00 USD is a direct play on this expected bounce.

However, after that bounce, he expects the downtrend to resume, targeting the ultimate support zone of $73,000.00 USD to $75,000.00 USD. This, he says, will be "the battle royale between bulls and bears."

The same analysis applies across the crypto space. Gareth has been nibbling on Ethereum (ETH) as it tagged a major support zone, and Cardano (ADA), which he bought after a staggering 60% drop from its August highs. The lesson is universal: "Just because you don't trade something doesn't mean you don't want to learn from it. Learning is the recipe for success."

The Mindset of a Master Trader

Ultimately, navigating markets like this comes down to psychology. It requires shedding emotional attachments and adopting an agnostic, chart-driven approach. Gareth shared a powerful piece of his own story:

"I used to always over-leverage myself because I was trying to make a million dollars overnight. And when you try to make a million dollars overnight, you know what the market does to you? It punishes you and takes your money."

His journey from a losing trader working three side jobs to replenish his account to a multi-millionaire was fueled by a simple but powerful principle: hard work and a never-give-up attitude. The key is to remove your ego and emotions from the equation.

"Be agnostic. You don't care about what it is you're trading. Imagine you erase the symbol, erase what it is, and all you're looking at is a chart. And what is that chart saying? Is it a long, a short or a neutral?"

This is the path to consistency. By focusing on probabilities, respecting key technical levels, and viewing pullbacks as opportunities rather than disasters, traders can not only survive volatile markets but thrive in them. The reversal heard around the world wasn't an end—it was the beginning of the next great trading opportunity.