As mentioned in yesterday's Premium Service Update, TSLA generated a new short-term Buy Signal mid-day yesterday, while the Intermediate Term Model remains on its July 26th Sell from $264. In the midst of NVDA earnings and Powell's Jackson Hole surprise potential, caution was the word of the day: "With NVDA earnings out today after the close and a possible Powell Jackson Hole 'surprise' hanging over the market come Friday morning, caution is advised. Missing entering a new trade by a few bucks or a few days will be inconsequential based on targets forecasted by the Fibonacci extension tool and EW structure." Yesterday's high print was $238.98 and it any close much above that level will be enough upward momentum to add new TSLA calls (Dec 15th $280) to our trading portfolio. Absent such strength, the nod goes to expecting a seasonal low in the month ahead and a better entry price for any new calls. TSLA 240 Minute Trading Model TSLA needs to close above $240 to turn bullish and any decline below $225 turns this chart bearish shorter-term.
