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Stonksonlygoup

Stonks Go Up! How to Trade The RallyStocks just keep going up, but they are finding some resistance at all time highs at 3526. This is not only a technical but a Fibonacci level as well. The S&P looks seriously over bought right now, and a technical retracement would be healthy. The Elliott Wave suggests a corrective phase soon. The Kovach OBV is not commensurate with the luster we are seeing in this rally, so we may see a dip soon. There is no reason to be bearish of stocks just yet, so watch for long entry opportunities if we see any of the dips we are expecting. The levels 3484 and 3450 would be levels to watch.
FX:SPX500Long
by quantguy
$TSLA to slowly downtrend to correction?NASDAQ:TSLA Seeing a possible slow down trend on $TSLA. Many other automotive companies are producing EV's, seems just another possible factor that could take away from TSLA's steam. On the Daily chart we seem to hit a period of consolidation. If this accumulation doesn't feed enough momentum to continue upwards- I'll be watching to see if this stays within the small regression channel, which could lead to ~1330$ area. If that doesn't entice buyers, I see this riding to the bottom of the larger regression channel & possibly resting around ~1200$ before developing a new trend. This analysis is strictly for educational purposes, as shorting $TSLA can be bad for your health and is ill advised. Good Day!
NASDAQ:TSLA
by NillaCoin