As I expected the 400-406$ support survived. Forget about levels like 320$-375$. We made a good increase via several important resistances just for a day and we will attack directly 444$ levels today. From this point I see two possibilities - range/consolidation below this resistance or above it. Personally, I believe that we will broke 440-444$ based also on the good Google, Meta, Microsoft and so on reports which should be watched. US10Y should be closely watched by traders too. No big fundamental news are expected so this is the moment for the recovery. I expect similar situation with Tesla but there the key level seems to be 222$.
Comment:
As we saw the range movement between the two key levels continued (400 and 470$) but as I see and the apocalyptic posts continued here. No, we will not see 325$ soon, if the Q3 is ok, as we see at all. However, we are on the upside key level now and should be careful next week. We are also close to US10Y key support. Thus, my advise is to watch carefully the economical data and fundamental news next week . A possible down is very likely, however, also do not forget the earning report on 21th. Only if we see very bad data a real deep correction is possible which was predicted by many here but not so deep. On the other hand if the Q3 data is good again we can expect to continue the long movement and forget about the 400$ level. Trade smart. Good luck!