Wait, the time to hoard and buy is getting closer and closerTesla is a company much loved by Wall Street investors.
Just like the US500, the Nasdaq, and all markets in general (including Crypto), the market is pulling back from all-time highs due to Fed QE.
Its dump cycle is underway from the all-time high of $1250 (-43% on Feb '22).
2 Points of means and accumulation, interesting
S1 – Between $730 and $690 in conjunction with the 100 1W average, support and trend line of June 21.
S2: Mega support September '20 and on average 200 1 week.
Don't worry, the world doesn't end today or in a month.
Stock in the stands, buy low and always hold.
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#VXX #VIX #SPX #SP500 Head and Shoulders?on the VXX we possibly see a Head and Shoulders pattern forming. If this confirms and breaks, then we could see much higher prices in equities. My feeling is that we may stop at the neckline and we resume higher. My thinking behind lower prices in equities stems from late cycle, global growth slowing down and inflation. We may see higher bond yields which would put more pressure on equities.