As of yesterday the market has been up 10 days in a row and is even my a new bull market" standard, overbought and just itching for a retrace. We are watching SOXS for a fresh entry as the semiconductors are crazy over-extended. SOXS May A normal retrace in Semiconductor Index (SMH) would send SOXS into the mid-$30's. SMH 2-Day Big picture is still setting up for a drop to at least the mid-channel dashed line, approximately 375-360 by May-June, with lower channel support around 300-275. Huge bearish potential. TSLA Update These calls were bought via in last week's "Mid Week Update," and as of today are up well over 200%: Note that the stop is now a 50% trailing stop. If hit, consider hanging on to a handful of calls, just in case. TSLA 2-Day Why 2-Day charts? Because so few other traders use them they give a unique perspective on developing patterns. Consider them a blend between Daily and Weekly trends, identifying patterns that are maturing from Short-to-Intermediate Term into Longer Term. In this case, we are looking for multiple legs higher into a cycle top late in the year. So far (+200% in less than a week), so good. Targeting $500+ by 4th quarter, 2026.
