Friday, February 24, 2017

2/24/17 - AM Update

TSLA is right on the mark so far with the wave count I have been tracking. Wave c has equaled wave a and more and is approaching the 1.618 extension at 245.

This pullback may be a lil quick in terms of time so will be looking out for a larger flat to develop over time. Of course, nothing is to stop it from retracing 50-62% either so we'll see.

TSLA - 60 Min

From the longer term daily perspective, clearly found resistance once again at the 287-290 mark with negative divergence.

TSLA - Daily
The SPX may have completed wave (iii) of 3 green or all of 3 green. The 20 day SMA is currently at 2315.

SPX - Daily

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