Focus on TSLA. Earnings out Monday after the close and this chart is allowing for one more test of that 38.2% retracement level before the next leg up begins in earnest. Any dip should find strong support between $550-600. Tesla should be a $2 Trillion company, $2,000/share, in 24 months or less. That's in line with Microsoft, Amazon, Google and Apple. The biggest unknown is the exact path share price will take to get there. If you are out driving this weekend, count the Tesla's. There will be 5-10X as many in two years, as manufacturing capacity triples. Every dip is a gift. The Big Picture - S&P 500 is up above 4400 today, pushing back the any serious decline until new support levels are broken. Would you buy this chart? I didn't think so. Nonetheless, some stocks are better than others, let's find some (we already know one). Bitcoin - Seeking a low from which it will launch a run to new highs, about a double from current levels. As with TSLA, it is just above a strong Fib support level which is acting like a magnet. If Bitcoin breaks below $30,000 look for a low at $27,300-27,500. But that's a big "If."
