Two to Tango

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Just a couple of charts worth noting. First is Tesla, which has been the weakest (literally 500th place) of the S&P 500. This won’t help: it is sinking toward multi-year lows, bound as it is by powerful Fibonaccis which I’ve been pointing out since JFK was shot.

The other is the Dow 30 ETF, symbol DIA, which has broken its short-term bullish pattern. Our bullish friends (that is to say, 99.9999999999999999999% of humanity) are starting to sweat a bit.