No, more like extreme volatility pushed into next week, "Fed Week," with a few days of churning to get through first. Here is my updated EW pattern: SPY 120 Minute This wave labeling pattern fits YTD price action more tightly and make sense of the noise coming out of Europe and Credit Suisse. If there is one take away from the banking "crisis averted" price action it is that there is still another shoe to drop. Crisis averted? Not so fast. TSLA The good news is that TSLA is forming a base from which a Buy Signal could be triggered in the days ahead. The more days price can build above support lines the closer it comes to triggering a Trend Model Buy Signal and entry for six-month calls and/or or two-year LEAPS. Needless to say, I am monitoring this set-up daily.
