TSLA did not break below 914 on the sell-off today...hmm
IF...IF...if SPY does Gap & Go tomorrow morning it will creates a short-squeeze in order to get above 200ma on 8/17/2022
we MAY see an Impulsive Gap & GO - for TSLA to begin its final leg of this rally~ This will also support the Cup & Handle on Macro Charts -Target of the .0786 as the possible final Exhaustion move up before reversal (Correction) and re-liquidity grabbing -
(Personally I am seeing negative divergence on short term for markets and TSLA but this could be the short squeeze of the FINAL bull run to end the Market cycle)
Let me know what you think..
***DO not FOMO or trade with emotion-- watch price action and have a plan for bullish & bearish scenarios.
Good Luck All
IF...IF...if SPY does Gap & Go tomorrow morning it will creates a short-squeeze in order to get above 200ma on 8/17/2022
we MAY see an Impulsive Gap & GO - for TSLA to begin its final leg of this rally~ This will also support the Cup & Handle on Macro Charts -Target of the .0786 as the possible final Exhaustion move up before reversal (Correction) and re-liquidity grabbing -
(Personally I am seeing negative divergence on short term for markets and TSLA but this could be the short squeeze of the FINAL bull run to end the Market cycle)
Let me know what you think..
***DO not FOMO or trade with emotion-- watch price action and have a plan for bullish & bearish scenarios.
Good Luck All
- pay attention to Spikes in DXY, US10Y, VIX / weakness or strength in NDX & SPX
Economic Schedule:
Aug 17 8:30 AM Retail Sales
Aug 17 8:30 AM Retail Sales ex-auto
Aug 17 10:00 AM Business Inventories
Aug 17 10:30 AM EIA Crude Oil Inventories
Aug 17 2:00 PM FOMC Minutes
Supply/supports @ 908, 899 100 bar support @885