11am update - TSLA breaks key support

Whilst the main indexes continue to show broad underlying upside, the momo stocks are weak this morning, lead lower by Tesla (TSLA) which has made a conclusive break of support. With the move into the 150s, TSLA now looks set for 110/100 within the next few weeks.


TSLA, daily

sp'daily5

Summary

*As for TSLA, it could even do a back test of the old channel, as high as 170/75...but anyway..it ain't bullish. I'd be surprised if it doesn't just unravel straight down into next week, when earnings are released.
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Main market will likely remain in algo-bot melt mode until Wednesday afternoon. There isn't much else to note on it.