To The Moon

TSLA supported strongly by Bollinger Band! 266 remains the challenge! - Supported well off Bollinger band at 243 - Price action continues to remain below MA5 yellow - There is a confluence of MA5/MA50 meeting soon ==> TSLA must get above! MA5 going below MA50 is another confirmation of bearish - Note that MA5 has crossed below MA20 some weeks ago ==> ALready shared in previous post what that means - Note 240 remains key support, breaking below it does bring 209 to 190 back in play My Watch/Plays - Closed my puts Monday with the upper test - Will sell puts again once MA5/MA50 direction gets clearer Tuesday/Wednesday or post CPI on Thursday - Any dip tonight will go with strike 190 first to own (missed it marginally on Monday) Good luck, all!

Markets are also looking ahead this year. In a soft landing, corporate profits come under much less pressure. Interest rate cuts, lower inflation and a growing global economy. The perfect environment for equities Corporate profits still rising. Accent on equities, at the expense of bonds In financial markets, macroeconomic developments are often interrelated. As a result, the economic environment can quickly be identified with a typical scenario, such as a depression, recession or cyclical recovery. In the current market, however, there are so many extremes that do not fit together at all. For example, inflation is higher than it was in the early 1980s, which is when interest rates in the capital markets reached a historic peak. Today, despite high inflation, interest rates in capital mar

SPY breakout of 4 day balance! Rejected off call options wall at 430! BIG catalyst week coming up! - Zero DTE call options stopped SPY run! Big call option wall at 430 meant that market makers will not want market to end Friday above 430! - A big rejection candle formed on Friday with a touch into 431+ as shared in TA Thurs - It is NOT bearish until it is. - It held above the magical 429/430 level so it awaits CPI Tues! PPI/FOMC Wed! - 4 day area of balance 426 and 429 will be key; Monday might see it break below back into range - On 5min chart, notice that 429 came strongly into support meant bears do not want to take it downwards too far - Note that there is lack of support below 426 down to 421 My watch - If it breaks back below into range 426-429 - If it stays above 426 Overall,

On Thursday, three major US stock indexes collectively closed higher. At the close, $S&P 500(.SPX)$ settled at 4293.93, rebounding 20% from its low point in October 2022, entering a technical bull market. It also signalled the ending of the longest $S&P 500(.SPX)$ bear market since the 1940s. Tech sector rally end the second longest bear marketThe S&P 500 index has been in bear market territory for 244 trading days, marking the longest duration since May 15, 1948. That year, the bear market lasted for 484 trading days. Historically, bear markets have an average duration of 142 trading days.S&P 500 index has risen 11.5% year-to-date, but a large portion of the gains are attributed to surges