Either the lows are and its time to focus on TSLA, or, the final retracement rally is taking the market to maximum retracement levels before the bottom falls out of the financial markets. Either way, we will trade the next leg, whether it be up or down. For now, its just too early to tell, or said another way, the third wave down at multiple degrees of trend is doing what it always does, makes everyone bullish just when they should be the most bearish. TSLA 240 Minute Trading Model I'd rather be a day or two late in getting Long then whipsawed again on an aggressive Buy Signal. Nonetheless, TSLA is close to triggering Long on its shorter-term model. The net fundamental catalyst will be the streets and roads of America filling up with Cybertrucks, but by then TSLA will be soaring toward new highs. As the chart above indicates, the shares are in Buy_Pending mode. TSLA Mar 2024 Calls TSLA should be knocking on the door of $300 within 90 days of Cybertruck production models hitting the streets and turning heads. No confirmed Buy yet, but a few more days of strength and at least one of the calls on this table should be in your account. IWM Daily The most likely path for IWM and the rest of the market is to top off this retracement rally in the next few days and reverse HARD down. When and if that scenario is no longer "most likely" we will be all in on TSLA to the upside. The next IWM "Buy" level is up in the mid 170's, which has still a long way to go. SPX - Still bearish and a long way to fall.
