Market Check: Tesla Targets $440, SPY Needs a Breakout, Micron Flashes a Caution Sign
Three names, one timeline:
the next two weeks determine whether Tesla and SPY extend their rallies or roll over. Micron is up 286%—well past the buy zone.
1. $Tesla Motors(TSLA)$
TSLA: Long + short-term models are aligned ⬆️
Short-term target (6–8 weeks): $440–$450.
But we need a strong rally in the next 2 weeks to flip the Monthly BX back to green.
If that does not happen, both models drop the bull case and I expect a selloff toward $300 🤞
2. $SPDR S&P 500 ETF Trust(SPY)$
SPY +1.20% to start the session.
For this bull cycle to continue, we need a strong breakout in the next two weeks that turns MBX back green.
If that does not happen, my base case is a move to 680 to 685, then another rejection.
3. $Micron Technology(MU)$
MU bull cycle is still in play and it is up +286% since Monthly BX flipped and our long-term model triggered.
Avg rally on this model is +172% in 49 weeks.
We are well past that. This is NOT a buy zone. ⛔️
If you are buying here, you are not getting a discount.
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