Strong Elliott Wave structures from 2003, looking to complete the final 5th wave in the next 12 to 18 months.
Possible Zig Zag looking to complete around the 50 to 60 region.
Could be ready for a C wave in a larger flat, or a more bullish wave 3 in an impulse.
Looking to push higher to around the $780 level in the shorter term. Longer term, It does look like Tesla needs a C wave down to under $500, which would be a great buying opportunity.
Text book Elliott Wave channel says prepare for at least 7000 in the S&P500.
Possible Elliott Wave double combination pattern: A Zig Zag and a Flat structure. Needs a nice 5 waves up to confirm end of correction.