I am watching for a support break of $98 to kick off a 2:1 bearish measured move to $88 The news of a union strike over political garbage is never a good sign.
Bullish measured move, mean revision, angular resistance... take your pick. Everything seems to be lined up to finish the trend around $277 but I think $290 can be had. I'll wait until the measured move is done before I plot a possible 2:1 measured move for now.
AMZN completed a 1 for 1 measured move from the angular resistance breakout but there is still some unfinished business to a mean revision of the previous long term bearish trend. Does it have enough momentum to coast the rest of the way? Let's talk about it in the comments.
It is a crazy concept to have a bullish outlook in a market where a lot of the mainstream analyst are speaking of the sky falling but TSLA is ready to rip. All the chart needs is to break key resistance at $118 and the rest is just a really nice bullish measured move setup. Please do your own DD on this but I am bullish on $TSLA. I was also bullish leading up to...
This 1:1 measured move could see AMEX:SPY at $441 by the end of the week.