Tesla has been tracking the inverse of the 10 year. 10 Year up today, expect Tesla to bounce off upper channel back into the bear channel. Key test at $650 towards the tail end of this month, otherwise bears may finally have their day.
Comment:
***to clarify, the 10YR referenced above is the 10yr US Yield. As rates continue to march higher, growth stocks like Tesla will suffer increasing resistances, as the value of their future cash flows get repriced.
