As pumptarded as this market is, there's always the possibility of yet another peak, but for now I'm expecting a top somewhere near $1200.
TSLA shouldn't even be at $900, ridiculous valuation, but a short squeeze is a short squeeze.... so it can move as much as BYND. Squeezes are very hard to predict, that's why I did an overlay, as a possibility. All I know is that I wouldn't short it until it gets past $1100.
I plotted it as a warning to anyone trying to short it more than anything, kinda crazy to go long on TSLA here unless anotehr short squeeze pattern develops (big up move), and even then I'd only play it for a day.
Downside Possible parts disruption from China
The Friday leg up to $970 did not happen maybe just a day behind or there is more consolidation needed. I think the latter. I am holding and buying more on the dips for now.
The story might change after next week though,according to my chart, lol.
The drop the past 2 days is really on the Germans (and other Euros) selling off futures. NDX had 4 similar drops in the summer 2018 melt up. Keep in mind that DAX was dropping at the same time we were melting up.
Not really sure, Small caps didn;t break support, transports and retail actually rallied yesterday. Maybe we're just flattening out for a sideways whipsaw.
Things are looking very bearish now though, can;t imagine teh market rallying until the virus is contained.