PCR REPORT DETERMINE WHERE WE ARE HEADING
Today’s PCE and Core PCE prints at 8:30am ET will determine the direction of $TSLA heading into Q3 delivery numbers.
A major surprise (PCE running hot) will likely trigger a broader market sell off, which increases the probability of $TSLA printing a local top at $444.98
This could cause broader markets to enter a near term correction, likely dragging $TSLA towards $410 or lower.
If the PCE print doesn’t come in hot, we should expect markets to bounce on relief, which would help $TSLA attempt to break towards the local high and $450.
In this scenario, we will be taking profit on our calls into strength to lock in gains ahead of a possible sell the news reaction on Q3 2025 deliveries.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Indicates over 450 at least coming week.