$TSLA closed above $450 at session highs exactly on the 78.6% fib at $454.53 CVD came in positive. Would have preferred to see higher volume, but we’ll take the close above $450. Core PCE numbers are due tomorrow morning. Tomorrow is also 30 days since Musk’s 2025 Compensation Package was approved, so if Musk plans to sell shares to cover taxes, we could see a company filing disclosing the sale. These 2 factors will be the test for a weekly close above $450. If Core PCE doesn’t surprise to the upside and Musk doesn’t surprise with sales to cover taxes, I think TSLA should hold $450 for the week.
$SOFI continues to position itself for a euphoric run above $50+ just like $PLTR & $HOOD had done… Today $SOFI announced a $1.5B public offering which has caused share prices to dip. This is most likely the last dip you’ll be able to buy sub $30 on $SOFI. $40+ incoming soon…
$SOFI continues to position itself for a euphoric run above $50+ just like $PLTR & $HOOD had done… Today $SOFI announced a $1.5B public offering which has caused share prices to dip. This is most likely the last dip you’ll be able to buy sub $30 on $SOFI. $40+ incoming soon…
🚨 BREAKING FED WILL OFFICIALLY RELEASE THE BALANCE SHEET AT 4:30 PM ET TODAY. IF BALANCE > $6.6T → 50 BPS RATE CUT IF BALANCE = $6.5T–$6.6T → 25 BPS RATE CUT IF BALANCE < $6.5T → NO RATE CUT IN DECEMBER ALL EYES ON THE FED TODAY 👀
We now have: 1. The biggest technological boom since the internet 2. Ongoing Fed interest rate cuts into the AI boom 3. Trump's impending new Fed Chair announcement 4. $700B+ in annual technology CapEx 5. The end of Quantitative Tightening (QT) 6. Widespread deregulation initiatives by SEC 7. The most market-conscious US President ever 8. $2+ trillion in annual deficit spending 9. 13% YoY earnings growth in the S&P 500 10. The return of global fiscal stimulus What's the bear case here?
We now have: 1. The biggest technological boom since the internet 2. Ongoing Fed interest rate cuts into the AI boom 3. Trump's impending new Fed Chair announcement 4. $700B+ in annual technology CapEx 5. The end of Quantitative Tightening (QT) 6. Widespread deregulation initiatives by SEC 7. The most market-conscious US President ever 8. $2+ trillion in annual deficit spending 9. 13% YoY earnings growth in the S&P 500 10. The return of global fiscal stimulus What's the bear case here?
$TSLA just tore through the upper boundary of its high-volume congestion zone. The price action confirms what the structure has hinted at for weeks. The market is treating the November low as the base of wave v. Momentum, breadth, and positioning all support a continuation higher once this leg completes its first pause. Any pullback from here is more likely part of the uptrend than the start of a reversal. This is a bullish market. I am treating weakness as an accumulation.