Tesla in the final sprint, while SpaceX and Robinhood are about to take off:
1. Tesla $TSLA
It may still make another push in the short term, with a target of filling the gap around 370.
But the high 360s to low 370s is major resistance, and it could be knocked back at any time.
The key is to watch the trendline: hold it and the rally continues; break below it and things get troublesome.
Best-case scenario: reclaim 400 and completely break out of the descending channel bull flag. That would mark the true start of a bull market, with new highs within reach.
Worst-case scenario: one more leg down, reaching the 260~280 green Fibonacci zone, which would be a super major bottom.
2. SpaceX $SPCX
As long as it closes above 137.5 on Monday, it will take off immediately.
The short-term target is 140+, while the larger target requires first taking out 145~150.
If it takes out and holds that level, it could surge to 160+; if it fails, it may form a large double top and then plunge.
3. Broader market $SPY
As long as it breaks through the minor trendline around 650, the broader market can break upward and continue its rally.
4. Nasdaq $QQQ
It looks like a descending wedge, which is quite bullish.
Reclaiming the mid-to-high 1700s would make the chart look much better.
The larger chart shows an inverse head-and-shoulders bottom, with the neckline at 1730. A breakout could send it toward nearly 800.
Although it could still fall to around 700, the overall picture leans more toward a bottoming area.
5. Robinhood $HOOD
The larger chart shows a massive cup-and-handle pattern.
Once it breaks above the low 120s, it could surge directly to a new all-time high.
In the short term, it may first get knocked back at 108~110, or even pull back to around 100, before continuing higher.
6. SoFi $SOFI
The key is to watch for a weekly close above 20.
Once it holds above 20 on the weekly chart, it can easily surge to around 23.
It may need to consolidate for a while, but it will break out sooner or later.
7. Microsoft $MSFT
It is currently forming an ascending triangle, which is quite healthy.
Ideal scenario: hold 900, move higher along the trendline, and eventually break through 1000~1020, then open the way to 1100 or even 1150.
Warning signal: breaking below the 930 trendline would send it back to 900 first; if it also loses 900, that would be genuinely dangerous.
8. Bitcoin $BTC
It has already broken through the major trendline and has the potential to turn bullish.
If it pulls back from here, the first support zone is 7.2万~7.3万 to 6.6万~6.7万, and we want to see a higher low.
Once it forms a higher low and eventually breaks through the current lower high, the structure will officially turn bullish, after which it will move upward in a sawtooth pattern.
The worst-case scenario would be forming another lower low, but for now, I am more optimistic that it has a chance to turn bullish.
1. Tesla $TSLA
It may still make another push in the short term, with a target of filling the gap around 370.
But the high 360s to low 370s is major resistance, and it could be knocked back at any time.
The key is to watch the trendline: hold it and the rally continues; break below it and things get troublesome.
Best-case scenario: reclaim 400 and completely break out of the descending channel bull flag. That would mark the true start of a bull market, with new highs within reach.
Worst-case scenario: one more leg down, reaching the 260~280 green Fibonacci zone, which would be a super major bottom.
2. SpaceX $SPCX
As long as it closes above 137.5 on Monday, it will take off immediately.
The short-term target is 140+, while the larger target requires first taking out 145~150.
If it takes out and holds that level, it could surge to 160+; if it fails, it may form a large double top and then plunge.
3. Broader market $SPY
As long as it breaks through the minor trendline around 650, the broader market can break upward and continue its rally.
4. Nasdaq $QQQ
It looks like a descending wedge, which is quite bullish.
Reclaiming the mid-to-high 1700s would make the chart look much better.
The larger chart shows an inverse head-and-shoulders bottom, with the neckline at 1730. A breakout could send it toward nearly 800.
Although it could still fall to around 700, the overall picture leans more toward a bottoming area.
5. Robinhood $HOOD
The larger chart shows a massive cup-and-handle pattern.
Once it breaks above the low 120s, it could surge directly to a new all-time high.
In the short term, it may first get knocked back at 108~110, or even pull back to around 100, before continuing higher.
6. SoFi $SOFI
The key is to watch for a weekly close above 20.
Once it holds above 20 on the weekly chart, it can easily surge to around 23.
It may need to consolidate for a while, but it will break out sooner or later.
7. Microsoft $MSFT
It is currently forming an ascending triangle, which is quite healthy.
Ideal scenario: hold 900, move higher along the trendline, and eventually break through 1000~1020, then open the way to 1100 or even 1150.
Warning signal: breaking below the 930 trendline would send it back to 900 first; if it also loses 900, that would be genuinely dangerous.
8. Bitcoin $BTC
It has already broken through the major trendline and has the potential to turn bullish.
If it pulls back from here, the first support zone is 7.2万~7.3万 to 6.6万~6.7万, and we want to see a higher low.
Once it forms a higher low and eventually breaks through the current lower high, the structure will officially turn bullish, after which it will move upward in a sawtooth pattern.
The worst-case scenario would be forming another lower low, but for now, I am more optimistic that it has a chance to turn bullish.
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