Time to Buy TSLA?
Tesla shares have been going through a bit of a fire sale here lately, but that may finally be coming to an end. Let’s look at some levels that held today and what they may imply for trade into next year.
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Bears Set to Close Out the Year
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Will TSLA hold up the market?
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Watch the major index correlations.
Many correlated indexes that have not followed others tend to snap back in line. If the /ES stays down, then the /YM could test the last month’s lows.
EOY Plans
Few more days and we welcome 2023, but before we can do that we need to first close out ’22 and here is my thinking in doing so…
Plans for the short week
Exchanges closed yesterday, leaving us with a short trading week. Same can be said for next week by the way… At any rate, we do still need to close out this week/year so I’ll share some plans for just that.
A Bounce Before the Break
There are bigger picture patterns that could see us lower, but provided Tuesday doesn’t start the session on a break, higher prices may be in store. Let’s put that in context with some specific levels and a game plan you’ll be able to use to start your week.