There is a new price-pending level on our SCHW Sell Signal. Based on the pattern set out in the chart below, a break of the wave 4 channel will confirm that Wave 5 underway. Accordingly, let's raise "Sell Pending" close to $51.00. This also allows raising our strike on this Jun put to $50: SCHW Wave 5 Sell Signal on a close this week below $51.00. Option: June 16th $50P (currently 3.40-3.50) Target: SCHW <$40; June 16th $50P = $10+ Stop: 50% Trailing TSLA The TSLA Intermediate Term Trading Model generated its first Buy Signal since mid-January at yesterday's close. Intermediate Term option traders can now add the Jan 2025 $420C as an alternate long term LEAP, currently bid 16.75 ask 17.35 TSLA Intermediate Term Trading Model
