When there are a cluster of these relationships, as there are currently, the likelihood of something major playing out is greater.
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The important thing to remember is not to confuse the company Tesla and its product with Tesla the stock.
Five consecutive losing days is a rare bird historically on the Dow, so the normal expectation would be for a rally attempt.
Today and Monday culminate the Gann Crash Zone, which is roughly 55 calendar days from the high.
Now that the third quarter is in the books, it's time to take a look at the big picture.
QE ain't what it used to be.
The market reacted strongly to the 1379/July 19 S&P square-out, giving a 2-day, 43-point decline.