TSLA is $40 off of its Halloween lows, but still not triggering a fresh Intermediate Term Buy Signal. With a target into the mid $300's, waiting an extra day or two will be worth it, especially if this "interest rate rally" fails over the next few days. We will be buying March 15 calls if and when this longer term model flips Long in the coming days, calls that will have 8X to 10X appreciation potential, from wherever they are bought in November, 2023. Until then, we wait and watch....new signals can appear at any time up until the close of trading. TSLA Intermediate Term Trading Model While the wave count is mega bullish, we don't have the Trend Model confirmation (Blue up arrow) yet. Close but no cigar. Shorter-term triggers have gone off in the PRO Service, but not in this intermediate term model. History suggests we wait for a bona fide trading signal and not try to rationalize an early entry. Note that price has yet to regain the upward sloping trend channel. Best guess: one or two days of upward or sideways price movement away for this model to trigger. Note: Even if we're late, Cybertruck effect takes price much higher into 1st qtr 2024.
