The analysis indicates that Nvidia (NVDA) is trading above its channel top at 179.94. Analyst is not confident on sustained rally to 219.64 without the broader index QQQ confirming the uptrend. Analyst notes QQQ needs to close above its channel to validate further upside. Analyst suggest going short on NVDA if it closes below the four-month channel bottom at 174.31 with longer term target upper 140. Analyst expect 200.97 will be reached in 3-5 weeks. He considers closing above 182.55 as bullish. In bearish scenario analysis expects upper 140s by end of September, if NVDA falls 174.31.