Looking at the massive falling wedge breakout on TSLA hourly chart. Also notice the oscillator on the Ultimate RSI, just crossed north of 50 and looks like it wants to retest those +70 levels once again. The next supply zone sitting at $240-$242, if we break through that the next zone after that will be $248-$250, and if we break that we should see $255-$265. If not we will break back down to demand at $235-$230. This and NVDA breaking out, along with AAPL could bring a nice lift back up for SPY...
Commentaire:
The small breakout that we seen was not the actual breakout of the wedge, but more so the end of the wedge formation. I have made adjustments since this breakout started, and have widened the wedge to include the new movement. I should have a new updated chart to reflect shortly.