You Are Here Chart: June-July 2021 This is a chart of share price based upon the long term Elliot Wave pattern and the fundamental catalysts that would underly a move of such magnitude. The only negative here is the prospect that TSLA's exponential growth has already been reflected in the shares rising 1,000% in the past 18 months, suggesting the January 2021 high of $900 was "the" top. That would have to assume share price precedes growth in fundamentals by about 5 years. Share price does typically reflect future growth fundamentals, but historically only by about six months. Look at the catalysts listed on the chart and let that sink in. Current share price may be reflecting the 4680 battery which is already being manufactured, but everything else on the list is six months or more away. Either TSLA is a stock market anomaly by being five years ahead of fundamentals, or, there is a whole lot more of upside still left in the shares. If the latter than a new leg of price acceleration is just beginning. Even if the former, imagine what else is coming down the road for this company. "Once in a lifetime," has never been so apropos. One last observation about the $10,000 EV tax credit: Once passed by Congress (there is bipartisan support, maybe the only thing they can agree on), all Tesla EV's priced under $80K become $10K less expensive. That puts the new Tesla Model 2 well under $20K. Now let THAT sink in. The Big Picture & Bitcoin Nothing new to add to either this weekend as we are taking both of these day to day. I suspect the next in line for a highly probable intermediate term trade will be big picture puts. We are entering a three-month historically bearish window where most of the price damage to stock indices has been seen, with a usual bottoming in September-October. When that new downtrend begins to assert itself expect to be buying some longer-term market index puts with expirations in September and/or October. Key Support Line For Dow
