giant bull flag? looks like it can at least touch 68k one more time
Going to look at a bull case here, temporary JPY carry unwind causing a lot of volatility among other things, but there is a lot of support at 16,800. I would put today and that level as potential entry points
.618 fib has held up since new highs and we can see a reverse head and shoulders forming for a possible long set up back to at least 70k. However fundamental money supply is down, where will that market cap come from?
I would be short term short here, price action wise, but im a long term bull on this stock due to its potential to dominate market share in the next decade. santa rally could blow through all of this here though, i just need to update the look of my chart idea
Comment: 9/16 high 2yr yields with respect to the assumption that the fed starts cutting rates in the first two quarters of 24'. Earnings coming in October with strong economic data since july (pmi, manufacturing index, retail sales, etc.) along with big spending holiday seasons coming. Equities might be sideways or in a wedge til then and break out for a santa...
Drawdown for the next month or two into the uptrend while market figures out economy of 3rd qtr.
With NDX bouncing off of the .786 yearly fib retracement, it puts the whole market in a bounce back vibe. TSLA is much lower than others in tech like apple and nvda, so this price looks good to me.
NYSE:DRI Retail spending is up, and you know what is anchored adjacent to retail spaces? Darden. Looks like a great price to get in, undervalued.
Its cool to use tech analysis to try and gauge the psychology of the markets right now, but we cant deny the importance of the macro environment. However that hasn't stopped the broad market from showing optimism and this is not just a bear trap, the lower low has been denied entry and we are in a reverse head and shoulders pattern on SPY and NDX. CPI is looking...
CADJPY has been ranging in these lines for a while Third time at this price after the fakeout TP 1: 82.84