CAN $Tesla Motors(TSLA)$ catch up to $450 as $Space Exploration Technologies(SPCX)$ about to launch. After a nasty intraday wash-out that sliced all the way down to test key support at $380.66, aggressive institutional buy-side absorption stepped in to force a massive daily reversal, closing right on the psychological doorstep at $399.15. Looking closely at major brokerage data like Charles Schwab, the institutional order flow has become incredibly mechanical over the last few months desks are aggressively accumulating whenever the price drops toward the mid-$300s and fading or distributing it as it approaches $450. Reclaiming the short-term moving average cluster ahead of the weekend puts the near-term structural momentum back in the hands of the bulls.
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  • Deposit
    ·06-12
    👍
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  • Zasper
    ·06-12
    okay
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