163-165 is the area of interest that must hold for TSLA to go back to ATH.
I think we should expect a market rally to ~16500-17000 if the ~14600 level holds
I know many do not like to do any TA on VIX. This is just my observation. Its getting tight and we should see a big move ether up or down. Considering the current macro environment ...you guess it right!! Anyway, if you look at the chart, VIX has been steadily going higher since 2018.
Seems Dollar held the support. We will see how far this can go...bad news for equities, especially growth stocks.
Time to short ULTA. It has been going up since early November and RSI overbought on weekly and daily TF. Rising wedge as well as megaphone patterns are also noticeable.
Here is the question...really...how long this trend can last? seems overextended to the point that it is not going to break but explode...I really like to see it go higher but...
It appears we are getting closer for a rebound, RSI being oversold and the price sitting just above the lower trendline that has acted as support since last year...
Probably this is the short term target before the big bounce. We also have the vwap from March 2021 around 358-360.
Lets see how long this bleeding going to last...Hope SPY respects this channel