Since my call to go long since 3000, the SPX is still right on track to it's 3230 resistance.
Still following my prediction. Already broke 3160 today and went back to the trendline. Expect 3230 by next week.
3230 will be make or break. Bounced that level a couple of times now.
Currently the SPX, while still in an uptrend, is stuck in a channel between 3000 and 3230.
It has again bounced on the 3000 support this week and is continuing upwards as expected.
First resistance is at 3090. If that one fails we drop to 3000 again.
If it breaks out we should see a quick run to the 3150 resistance and then 3230.
I'm currently long and planning...
Tesla's short term uptrend has been broken and offers the opportunity for a short term short.
Might find supports at the following levels 940$ 20MA - Weak
915 Midterm trend upper limit - Strong
840$ 50MA - Weak
740$ 100MA - Strong
720$ bottom of logner term channel - Strong
If the global market detoriates further, it might go as low as 720$ at the bottom of the...
Tesla is still trending up strongly, currently in the lower half of the uptrend channel but trying to get back up. A short term stimulus could push it back up to the upper band over 850.
Should hold 800$+ to confirm the short term trend. 770$ for long term trend.