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SP500: Breakout-retest may be confirmed after PCE data on Friday

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  The S&P 500 closed on Friday at the key 5,667 resistance level as the market ignored Trump's talk and was more focused on the Fed's action. We expect the index to break above this level, as well as its 600-day EMA, next week ahead of the release of the February PCE data on Friday. The PCE is closely watched by the Fed and expectations are for a 0.3% increase. Keep an eye on the 2Y treasury yield , now retesting its 600-day EMA . In the past 25 years, all three US recessions occurred after the 2Y treasury yield dropped below its 600-day EMA. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

TESLA INC. (NASDAQ:TSLA): Tesla stock tanks as Elon Musk's EV company offers a free self-driving trial in China

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Tesla stock pulled back over 4% on Monday after the company announced that they will offer a free trial of its full-self driving software in China, starting March 17 through April 16. This could be in response to Tesla's competitor, BYD, which is giving away their free advanced driver-assistance system (ADAS) with DeepSeek AI integration. Beware that Tesla s tock 's downtrend remains intact. The stock suffered from an avalanche breakdown after the stock broke the shoulder of the "head-and-shoulders" chart pattern at the end of February , with the price target of $194.81 . Coincidentally, a 60% pullback from its high is $195.42. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

SP500: Breakout-retest ahead of quadruple witching

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The S&P 500 bounced off the trendline support to close at 5, 638.94 on Friday , retesting the November '24 breakout. Note that the S&P 500 would be in correction territory if the index closed below 5,5 3 2.69 . Let's see whether the index can break above its 200-day EMA. It is quadruple witching next week and hence it could be very volatile. Be aware that the 2Y treasury yield is dip ping below its 600-day EMA, meaning the US could be entering a recession or already be in a recession. The current real GDP estimate for Q1 by the Atlanta Fed GDPNow stands at -2.4%. In the past 25 years, all three US recessions occurred after the 2Y treasury yield dropped below its 600-day EMA. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

TESLA INC. (NASDAQ:TSLA): Tesla stock bounces off the trendline support after Trump promised to buy a Tesla to show support for Elon Musk's EV company

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  Tesla stock bounced off the trendline support on Tuesday after Trump endorsed Tesla EVs at a gathering on the White House driveway. Hours later, Yahoo Finance reported that Elon Musk was considering a $100 million donation to a super PAC associated with Donald Trump. Yahoo Finance also reported today that Tesla U.S. registrations fell 11% in January. Tesla s tock is now stuck between a " w eak" trendline support and the 600-day EMA . Beware of the bearish crossover between the 50-day and 100-day EMAs. The stock suffered from an avalanche breakdown after the stock broke the shoulder of the "head-and-shoulders" chart pattern at the end of February , with the price target of $194.81 . Coincidentally, a 60% pullback from its high is $195.42. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

TESLA INC. (NASDAQ:TSLA): Tesla stock took a deep dive after UBS lowered Q1 EV delivery and gross margin estimates

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  Tesla stock tumbled over 15% on Mon day after UBS lowered their Q1 EV delivery estimates from 437k to 367k. UBS now sees Tesla's gross margins shrinking to 10.3%, compared to 16.4%, during the same quarter a year ago.  The bearish "lower-lows" chart pattern resumes after the stock broke the shoulder of the "head-and-shoulders" chart pattern at the end of February , with the price target of $194.81 . Coincidentally, a 60% pullback from its high is $195.42. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

TESLA INC. (NASDAQ:TSLA): Tesla stock tumbles after report shows Tesla February EV sales in China took a 49% nosedive

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  Tesla stock broke the downtrend channel to the downside after CnEVPost reported on Wednesday that Tesla sold only 30,688 EVs in February in China, down 49% Y-O-Y. The stock is now retesting the trendline support at ~ $260 and could bounce off from here. If the bulls are unable to take the stock higher above the psychological $1T resistance level, the bearish "lower-lows" chart pattern will resume. Beware that the "head-and-shoulders" chart pattern , with the price target of $194.81 , is now confirmed . This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

TESLA INC. (NASDAQ:TSLA): Head-and-shoulders chart pattern has emerged with P/T of $194.81

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  Tesla stock broke below t he price target of $288.39 for a descending triangle chart pattern breakdown on February 5 . The stock is threatening to break the downtrend channel to the downside. Be aware that Tesla bulls could step in and try to take the stock back up above its $1T valuation in anticipation of the release of the "PLASTIC" CyberCab in June. The next support level is ~ $260. More selling pressure could continue as t he "head-and-shoulders" chart pattern has emerged with the price target of $194.81. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !