The big event on Wednesday after the close was, of course, the Tesla earnings announcement. They haven’t done their call as of this typing, but let’s just say the reaction is not great right now, taking the stock down a few percent.
In contrast with this is Big Blue, which is, as usual, blasting to new lifetime highs.
I’d say TSLA has a serious problem in the morning, since this puts us into an entirely new, lower range! In other words, unless it recovers due to the conference call, the Fibonaccis have failed!
