Because of NVDA, the market is regaining its strength and entering into a new era. Not just re-entering into the Bull Market again, but a new era of AI intelligence. That is why the writer has recommended the NVDA several times even before the advent of the rabbit year. Even though the market is at a relatively high level, it is still not a suitable time for short selling now. The rate cut cycle will start at any time even if no one can make sure of a definite time and date.
The current market situation is that all 3 major indexes are above the 250-SMA now, it denotes bearish air that has already passed away and may be still shuttling up and down. For NASDAQ and S&P, they are above 5 average lines including 10, 20, 50, 100 and 250 which is a bullish signal. For Dow Jones, MACD and Stochastic Slow are showing get ready signals, which means they can pop up at any time.