Tesla earnings are everything tomorrow!
Traders,
Do not underestimate an earnings miss on Tesla tomorrow. Earnings est. is $1.00. If missed:
1. It could trigger the start of the massive bearish H&S pattern.
2. It will bring down the Nasdaq with it.
3. Nasdaq will bring down other indices like the SPX.
4. SPX coming down could break its critical support that has held up thus far.
5. Investors tend to correlate stocks like Tesla to crypto. An alarming report can levy more significant damage to bitcoin and crypto than its already incurred.
In my view, it is critical Tesla does not break and confirm the break of its neckline here over the next few days! Earnings must be hit and the $212-$215 pps MUST hold or it could mean trouble. Watch this closely!
Stew
Do not underestimate an earnings miss on Tesla tomorrow. Earnings est. is $1.00. If missed:
1. It could trigger the start of the massive bearish H&S pattern.
2. It will bring down the Nasdaq with it.
3. Nasdaq will bring down other indices like the SPX.
4. SPX coming down could break its critical support that has held up thus far.
5. Investors tend to correlate stocks like Tesla to crypto. An alarming report can levy more significant damage to bitcoin and crypto than its already incurred.
In my view, it is critical Tesla does not break and confirm the break of its neckline here over the next few days! Earnings must be hit and the $212-$215 pps MUST hold or it could mean trouble. Watch this closely!
Stew
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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