Tesla Inc (TSLA)

[Moonlazer]

As much as I detest the detractors, nay-sayers, and CAPSLOCK warriors on this board, we're set up for a nasty dive.

S&P 500 has encroached the 1m 200MA & 200EMA.
It has been well above the 3m and 1yr VWAP for an overly extensive period of time.

The bond market is making leaps upwards and is usually seen as a direct inverted reflection of stock equities.

On a technical level; Even after yesterday's dump, the MACD did not cross the signal line to indicate re-entry. So to me, the only green candlestick indicator is a false one.

I fully expect S&P to reach 4439 in a few days. CPI is due Aug 10th and Nvidia earnings are Aug23. With all of this said, we're looking a massive corrections to the rally as yesterday broke through resistance points. Monday should see some resistance on open, but overall for the week. I'm a bear 🐻