The gap anticipated for this morning materialized to the upside, possibly heading toward a 38% retracement of the entire decline from the mid-February highs. Make no mistake, this is headline dominated market and those headlines will trump all other metrics. My key focus right now is monitoring TSLA for the next short-term long trade. As set out yesterday it will take a break above $830 to generate a System Buy, although a Stochastic Buy could be triggered sooner. As of now, that Stochastic Buy looks to be at least two hourly price bars away.
