Changed to a Head and Shoulders, At least short term new high.

158
Tesla is the one to watch. Could hit 1900 to top it all off. I think we're gonna see it run for the 50% line of the channel it fell way way out of, and reclaimed at the beginning of this run. Now it has to claim the 50% or die if it doesn't. The rest of the market is going with it. Rivian is breaking out on volume from it's down trend like any small cap. And I believe Mid July is now the new top. At least, that's the top of the channel for the last decade. INSANE. When we broke through some key resistance that broke chance for any down side, and we've been up 17% in two weeks, I thought there would be selling. But nothing. Not a freakin peep. Smart money and institutions are driving it up, waiting for the flat top to form before they give in. All the other patterns I had are broken now. So I'm long some stuff now, but only if it's TESLA, RIVIAN, or some other stock showing clear changes in long volume. I don't believe everything will go with this run. That said, IWM, Small cap Fund, is also breaking out of it's down trend and the top of it's channel is one or two huge and vertical surges to retake the last up trend and meet it's top channel. This could ignite a lot of small cap in my opinion. YOLO.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.