There’s no doubt about it. The Fibonacci Retracement I’ve ceaselessly mentioned has been an iron wall for Tesla price ascension.

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I mentioned the tremendous importance of the THREE Fibonacci levels with respect to Tesla and their power as resistance. So, yeah, pretty much………..and keep in mind this is on a day when the /ES is up!

The explosive move higher we witnessed from late last week until yesterday was brutal, but it seems that this entire move was simply a recapture of the Fibonacci level at 4528.71:

Good morning, everyone. Since evidently there’s no multi-month revision to faulty government data this morning, the markets are mellow and borderline boring. The /NQ had a tremendous surge yesterday, surpassing even the peak witnessed last week with the Nvidia blowout earnings.
