Looking more like a triple top to me. We broke the trendline and just came back to retest it. but importantly we did not break. keep an eye next week but i am not liking this picture. The divergence between Russell and Nasdaq/S&P is widening and eventually one will break.
SPY making more record highs. All looks good above $420, resistance is at $447. The MACD is giving a bearish divergence. It is not making new highs but the price is. Keep an eye on this next week and if RSI goes overbought as well it gives a stronger sell signal.
Tesla held the 200-day nicely yesterday and now looks to get back above 667, until then it is neutral IMO. Above 667 can stabilize and push to break 715. Above 715 the move should accelerate as volume prfoile is light.
Thursday saw a decent afternoon recovery. The 9-day moving average held, markets are strong on Friday. The RSI is overbought but as long as we stay above 135-137 then a push for all time highs is most likely IMO.