A virtually perfect illustration of filling gaps at Fibonacci retracement levels before the continuation of the dominant trend. The alternate interpretation is that yesterday's decline was an anomaly and put in a low from which a new leg up has begun. I favor the former, but am allowing for the possibility of the latter. To be continued. DOW 61.8% SPY 61.8% IWM 38.2% VXX 61.8% Reminder: TSLA earnings out on Monday after the close. There is nothing but good news out from the company, i.e., Cybertrucks by the end of the year (1,000,000 preorders), 3rd quarter Model Y sales SOLD OUT, Full Self-Driving finally out. Any negative reaction to Monday's earnings call will be the buying opportunity of the year. A positive response will be very kind to our LEAPS. Win-win.
