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Tesla Is Worth the Same as November 2021. Five Years, Net Nowhere.

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ticker lesson

Breakdown

0:00ES· ticker

ES — range ~400 points (6%)

  • Range ~400 points (6%)
  • Upperish part of range
  • Breakout to upside = bearish death nail
  • Failure of range = bullish death nail
1:54INQ· ticker

INQ — cleaner chart

  • Cleaner chart than ES
  • Market quagmire persists
4:04IWM· ticker

IWM — trend line broken

  • Trend line broken
  • Grinding around same zone
6:00SOXL· ticker

SOXL — bullish engulfing pattern

  • Bullish engulfing pattern
  • Threatening topping pattern
  • Leverage instrument
8:09China· ticker

China — distribution top

  • Distribution top tagged
  • FXI September $36 puts
  • Alibaba down 1.5%
  • BYU down 6.1%
10:14crude oil· ticker

Crude oil — trending higher

  • Crude oil trending higher
  • YM green, other markets down
12:21XLE· ticker

XLE — lower highs pattern

  • Series of lower highs
  • Potential breakout/reversal
14:18gold· ticker

Gold — four green bars

  • Four consecutive green bars
  • Right triangle top
14:19IBIT· ticker

IBIT — inverse Bitcoin fund

  • Inverse Bitcoin fund down 1%
  • Inverted head and shoulders
14:20MSTR· ticker

MSTR — weaker than expected

  • MSTR down 1.75%
  • Weaker than Bitcoin
14:21SHOP· ticker

SHOP — short position

  • Shopify short down 4%
  • September puts
14:22META· ticker

META — private bear market

  • Meta down 2.67%
  • Private bear market since 2021
14:23Carvana· ticker

Carvana — September puts

  • Carvana down 3.67%
  • Earnings expected 29th
14:24Tesla· ticker

Tesla — 5-year stagnation

  • Tesla at 2021 price level
  • No significant movement
14:25SpaceX· ticker

SpaceX — $3T valuation

  • SpaceX $3T valuation
  • No current performance
14:26Alphabet· ticker

Alphabet — $1.5T loss

  • Alphabet down $1.5T
  • Earnings August 4

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