Despite a news-generated rally, it is imperative to keep your eyes on the prize here, a deep dive into fall lows. Nothing that has happened in the market over the past few hours to invalidate this premise and in fact a break-down now, today into tomorrow, would confirm the EW count on the SPY Daily chart below: SPY Daily - EW Count The break of the upward trendline broke the back of the rally up from last fall, while the breakdown below 450.00 confirms a deep dive into this fall. So long as SPY remains below 450.00 the bearish view remains in control. Anything stronger and we go int TSLA Buy-watch mode. Cybertruck is coming. TSLA 240 Minute Trading Model Two paths diverged in a yellow wood: (1) Deep market dive into Sep-Oct; (2) TSLA Buying opportunity to new highs.
