Tesla has come back to life over the past couple of months, along with everything else as the Fed has went out of their way to be uber dovish. Maybe that changes, maybe not, but the fervor that was in TSLA earlier in the year is there no longer. And prices are hitting a really big zone of resistance, which opens the door for a short play. And if something does go awry on the Fed front, all the more benefit to a TSLA short play. Resistance is bound between two Fibonacci levels, and the topside of a rising wedge that price peeked out from yesterday when testing the bottom portion of the zone.
Target: 704.45-719.95, 677.36, 624.66