TSLA was unable to overcome $260 resistance going into the new year and after generating a short term Sell on Jan 5th has now dropped deep into its Fib retracement-reversal zone. Key Levels around $220-200 should hold. No matter where the low for this move is made, do not be dissuaded from taking the next Buy, it has the makings of our May 5th Buy of last year, which was ultimately up over 1000% going into Sep expiration - link. TSLA 240 Minute New indicator: The deeper TSLA falls the more public criticism Elon Musk is subject to for, well take your pick: Tesla not advertising, lowering prices, raising prices, new models, dearth of new models, and of course, buying Twitter, (now X). I read it on social media every day, its moving toward a crescendo which should correspond with the low for this move. Today's headline: "Tesla shares are lower by almost 2% early in the session on Thursday after the company - which has drawn the ire of the Biden administration for not folding to unionization - told all of its U.S. workers they were getting a pay raise." - link Bottom line: much higher share prices coming for TSLA, this year and next. QQQ QQQ moved slightly above the Fib retracement zone but is falling back down today. If it continues to slide so as to drop out of the zone, breaking the 400-399 key level again, we will be adding to Feb puts. Add on breakdown: Feb 16th $390-395-400 Late Add - IWM Breaking Down We are trading IWM in the Premium Service, but this is notable in that IWM could be leading the market down and if so, all indices, including QQQ, will be breaking down over the next few days. Speaking of which, Monday is a market holiday, so on top of key level breakdowns we have a three-day weekend ahead. Add on Breakdown: Feb 16th $190-185
