The pre-market surge signals a pronounced uptrend in pricing, notably observed in $TSLA and the $SPX, with evident gap-ups at the market's onset.
At $183.36, the 1 Day Moving Average (MA) 75 emerges as a pivotal juncture, representing a critical assessment point for market sentiment, positioned midway between the MA50 and MA100.
A breach beyond $183.36 would propel the price towards the MA100, currently situated at $198.94.
However, failure to surpass $183.36 could prompt a retracement towards the MA50, standing at $175.53. Such a downward movement would maintain the morning's price gap, although it's noteworthy that not all gaps undergo closure. The current gap-up scenario echoes the inverse of the gap down observed on April 16th.
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