All eyes are on Nvidia tomorrow as the AI darling is expected to report its earnings in the market after hours. Any miss or weaker guidance may spook investors, especially at a time when worries of a US recession were once again heightened. With the US market yet to open today, the shares of Nvidia are trading at around $126.73 a share in the pre-market trade. Looking at the daily chart, we can see the price has clearly stagnated over the last few sessions as the stock and its investors are awaiting the earnings report. The resistance here following the earnings is the level of $131.24, a break and close above would technically suggest bullish price action. Potentially leading to a rally back to ATH’s around $140. On the flip side, a move below the support of $122.68 may force a sell-off back towards the lows or August ($97-$100). Given the current market sentiment, it is clear that Nvidia will be the next catalyst for short-term volatility for stocks, most definitely the tech stocks. The market reaction will most likely last until the Federal Reserve’s interest rate decision on the 18^th of September.