We had a strong five to six weeks in the stock market and it’s due for a rest. I am seeing participation start to fall off and not a lot of setups jumping out at me.
So let’s give the market some time to reset and refresh. Let’s look at the distance from the average true range and the weekly chart on Tesla, Inc. (TSLA):
Is the stock market tiring or will price action gain momentum into the spring? There is a lot to watch – central bank speeches and earnings season reports – as price action fluctuates. As the market ebbs and flows, members of my Moxie Indicator™ Mastery Program learn how to combine fast-moving signals and track movement as the market flips and flops in the volatility. Join us as we track the profit opportunities!
Your Profit Pilot, TG