Technical Analysis on TSLA& .SPX

MasterWU
01-25

Hello everyone! Today I want to share some technical analysis with you!

1.

Bullish Alternative: $S&P 500(.SPX)$

(1) since mid-Dec., I marked 4850 as final target zone for the melt-up phase of the bullish leg--see Scroll 98 posted 12/16.

(2) now, time-wise & price-wise, SPX has exceeded my estimate & stretched too far.

(3) I'm ready to consider an alternative count.

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2.

Not Too LATE/ Not Too Early:

(1) I have mentioned the BULLISH scenario a few weeks ago in MPW review--that doesn't mean a straight-line up, though.

(2) even with the most bullish scenario, a sizable retrace is still needed.

(3) this change will alter the entire count from 4818.

3.

$Tesla Motors(TSLA)$ Earning AH:

(1) After market close, TSLA will report its earnings--given the price structure, a LARGE move is due.

(2) the previous low of $193 may serve as a magnet--the current downward channel is still intact.

(3) the pressure is mounting and may place a big bet today.

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Comments

  • leftiebaby
    01-27
    leftiebaby

    Great ariticle, would you like to share it?

  • SummerNight
    01-26
    SummerNight
    Gotta love those charts! 😄📈
  • JesseRW
    01-26
    JesseRW
    Charts don't predict the future!
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