We sent out late yesterday news on Tesla and their announcement of a 5 for 1 stock split (We can hear the rookie Robinhooder who will no doubt look to parley any new Govt bestowed funds into new found riches) and today the stock is on fire:
Technically, the chart structure was garbage going into the close. Another negative candlestick, below the 50eMA, then voila. It is becoming uncanny the corporate and or FED RESERVE stick saves that happen day in and day out. Which for all intents and purposes gives us the comfort of knowing the Greenspan Put is alive and well!
We also put this chart out late in the day and we apologize for chopping off the text box in yesterdays post, but here is what we posted the 2xR2K vs Nasdaq Futures $Dollar Spread:
