1pm update - TSLA in trouble

Whilst the main indexes are holding moderate declines (strong support remains sp'1635/30), one of the hysteria/momo stocks is in real trouble. Tesla (TSLA) is seeing sharp declines of 5%, and a break into the 150s opens up the 110/100 zone.


sp'60min

TSLA, daily

Summary

The main indexes are tiresome, the hysteria stocks are proving to be far more entertaining today.

TSLA, along with NFLX and all the other usual suspects remains insanely valued, and it is especially amusing right now to see it on the edge of breaking below what is something of channel/trend support.
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