Tesla has, in just a few weeks, gone up almost 100% in price. When it was at $102, I was very uneasy suggesting that the next important target was just above $200, but by God, we’re awfully close. Just as my “just under $100” target was ALMOST met, perhaps my “just over $200” will also ALMOST be met. Good enough for government work.
Coincident with this, of course, is the continued strength in the /ES, which was so powerful that we got a “throw-over” (and, for bears, and throw-up-all-over) the Fibonacci level. It’ll be interesting to see if this lasts or not. It’s all up to earnings and jobs at this point, so it’ll be clear within the next 21 hours.
