$TSLA Finds Support While $GOOGL and $QQQ Face Key Tests
The market is approaching an important decision point.
While $TSLA is moving back into a long-term accumulation zone, both $GOOGL and $QQQ are testing critical technical levels that could determine whether the broader bull trend remains intact or enters a deeper correction.
1. $Tesla Motors(TSLA)$
Patience is paying off $TSLA
Now trading back in our discount range
This is a very strong support long term
Expecting $280 -> $300 worst case, but I am now interested in buying
2. $Alphabet(GOOGL)$
Bull Cycle could be coming to an end
Monthly BX currently showing dark red
When showing dark red mid month, we close dark red 82% of the time
If we don't bounce on this short term support soon, the cycle will end and price will re-distribute back down to discount pricing
3. $Invesco QQQ(QQQ)$
$QQQ needs to hold 690.
If it loses that level, my base case is another ~5% pullback.
Monthly BX still points to a longer-term bull cycle.
Those usually last 12–18 months, but corrections are normal inside the trend.
Weekly fair value sits in the 660–630 zone.
If that support breaks, I’m looking for a move into that area, then a bounce and a push toward new all-time highs into year end.
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