The stage is set for a Red Christmas. Multiple negative divergences between MACD, RSI and Price.
The $VIX could be the star of the 2022 Santa rally.
Thanks to the dips today, we have the handle being formed. Super bullish on the stock. Dropped $150 in a single day, and closed the day in green. The RSI and MACD had a nice reset.
The NASDAQ is getting deeper into the bear market everyday. This week is the final fight for the bulls to hold the line.
My price target for the correction is 28,750, which is a 10.15% drop from 32,000.
TESLA on the weekly chart! One big concern I have in this chart is that it looks like TESLA is forming a head and shoulder, and that would be very bad for the price action. If my thesis is correct, we could see TSLA retests the key support at 580 (this week) before the next bull run. There will be nothing strange if TSLA consolidates for a while at this price...