🔥 TESLA STOCK BIG MOVE AT 10 AM! TSLA, SPY, ES, NVDA, QQQ, META, MSFT, COIN, & AMZN PREDICTIONS! 🚀
Published: Sep 12, 2024
Duration: 00:10:24
Category: People & Blogs
Trending searches: elon musk net worth
what's up Tesla family it's Ray J back with another video and in this one I want to break down what's happening with Tesla spy and video QQQ and a couple of other tickers I'm also going to break down what's happening with the economic calendar moving forward talk about big news coming up for Tesla isn't so great just part of why the share price is a little lackluster right now so that's I'm going to break down a big test that's coming to Tesla and also what you should be watching for but just notes that I am not a financial planner so take that I say is financial advice and also if you guys can please check out the mumu link if you deposit $100 you're guaranteed 5 free stocks deposit 1,000 bucks you're guaranteed 15 in total not to mention 8.1% apy uninvested cash the offering in just two weeks so check it out before they run out anyways now let's talk about what's happening with Tesla again Tesla moving forward I just want to say that Tesla has this tough resistance at this 230 area we are going to gap down most likely but the question is can we try to break past 230 or not and this is going to be heavily dictated by some news and also what we end up seeing from the market so the first thing I just want to talk about is the fact that we had some positive headlines eveve registrations surged 18% in July being boosted by Tesla cybertruck and these new models that's a decent piece of news right over here especially as we saw over 5,000 cyber trucks delivered uh once again as it was launched and and then also we saw EV pickups getting over 5,000 un sold during the same period so that's a good piece of news but uh this is still based off old data and what's making and kind of like affecting Tesla is this had line right over here about how analysts are adjusting their estimates on the number of Q3 deliveries for Tesla which they're going to be disclosing on October 2nd uh and on top of this many analysts are cutting their estimates they're saying that they used to estimate 480,000 Vehicles now they're saying 469,000 is what we're going to likely see for Q3 gugenheim is also cutting estimates to about 456,000 uh that's also important whereas for others out there we saw uh different views relative to a year ago uh other companies out there still have strong buy companies for Tesla but the expectations for the Q3 delivery report isn't as strong as what we saw from before that's part of why investors are uh this part of why Tesla is kind of like underperforming just a little bit this morning we got this new big piece of news so that's very very important for us uh there's more news and data coming out at uh 10 o'clock am. Eastern standard time today and today is Friday the 13th by the way for September I just want to say that at 10: a.m. we have the Michigan Consumer sensate Report the 5year inflationary expectations and more data coming out 30 minutes after the market ended up ends up opening so this data may cause some volatility to look for some uh what of a nice move around 10:00 a.m. 30 minutes after market open and then besides that uh the Market's now balanced between a 50 and 25 basis point cut by the Fed so far this has been going up a little bit and this has going down as the Market's becoming more optimistic after CPI came out for spy do not forget we have a 3.59 puts to call ratio over 1.1 million puts and 300,000 calls expiring so not bad and we'll see how things end up going uh besides that I didn't see anything else that was too crazy we did see Adobe report its earnings uh we end up seeing the share price share price drop quite a bit uh that's pretty much it though I didn't see anything else that was too huge on the news so now let's talk about what's happening with Tesla so we're basically looking at this resistance in this 230 area we'll see if T could break this or not yesterday this ended up uh you know holding us down and then the support to watch for is at 228 if that doesn't hold we could be tipping back down to 225 followed by the 222 area and 220 so watch those supports if we can break 230 and hold above it we could try to go up to 235 but that's also another tough resistance this morning Tesla has some weakness because of the negative headlines that came out about how their Q3 estimates for deliveries are not as strong as what some analysts expected so that's part of why Tesla showing a little weakness here so we'll see if we could try to break 230 or not that's going to be a big test but once the data comes out at 10:00 a.m. and if we can't if we remain lackluster we could be looking for a dip back down so I want to give you guys a heads up about that please be prepared as we had some negative headlines as far as spy goes we're fighting for this 560 area this is what we were talking about yesterday if we lose 560 we're looking for a dip back down to 558 and if that fails we have 555 and 553 is supports and 560 breaks however we're forming a very very nice looking like handle compared to this like cup so this is like a giant cup and this is like a handle that's forming so if we hold a 56 we looking for 562 as the next uh potential Target well we actually have 561 which is our imbalance and we have it could attempt to push even higher as we hold above 560 so as long as that holds are looking for 562 it's continue higher so watch and see this could be from like a cou like structure so watch 118 and 115 look at 120's resistance followed by this 122 area uh so we'll see how things end up going for ES we also are looking a little bit more bullish we are holding this support So we had this slow here we came made a higher low and we're continu to push uh look at this support around the 5600 area followed by 5580 if we continue to push we looking for 5 uh 630 as our next resistance so I wouldn't be surprised if es can look tips a little bit and then it tries to push higher as long as we hold above 5600 look for 5630 and targets like that so we'll see if we hold above 5600 after the data comes out so so far so good for Bitcoin Bitcoin is just consolidating right over here if we break 59,000 we're bullish if we lose 57,000 we're bearish otherwise we're just stuck going back and forth and back and forth um for other factors out there we also have NQ so NQ has this resistance around this 19,500 area and if that rejects we're looking for basically 19,250 as our support but this still looks more bullish especially if we break this resistance this does have more potential we'll see if it breaks or not uh for the QQQ um we're also trying to push higher we have a nice kind of like inverse Head and Shoulders like structure um if we try to hold above 473 we're looking for a target of about 475 and if we end up losing support here we could be dipping back down towards 470 so we look more bullish there is potential in this if we could try to hold above 4 73 it is a tough area we'll see what the reactions if we get a little dip first before we try to continue to go higher but watch 4 73's resistance we'll see if we hold this or not if it does hold 475 is coming if not 470 could be retested so just be careful with this we do have data coming out at 10:00 a.m. so we'll see if we hold Apple's also looking a little bit more bullish if we could try to hold above 224 we're looking for a push for 226 and if we lose 222 we're looking for a dip back down towards 219 but this looks a little bit more bullish has a little bit more potential so give this the time it needs the iwm Russell 2000 we look a little bit more bullish we've broken past 212 a so we're looking for 214 that's my target from yesterday I called out and then break that our next Target be all the way up here towards the 216 so we look more bullish doing a great job at holding up there's going to be some tough resistance at 214 but this looks like it does have potential uh if we were to lose 212 we'd be dipping but this still looks bullish coinbase we are doing a good job at holding up we're looking at the 162s as our resistance Zone if that breaks we're looking for basically 16 166 if we end up losing 160 we turn back down to like the mid 150s but this still looks more bullish Amazon is looking pretty decent we went up to 188 so far coming a little short of 190 and that's potential to go all the way all the way up to like 190 look at 180 as a tough resistance uh our support to watch for at 186 not to mention 18 184 so this possibly down towards like 186 before you try to bounce and push higher but overall all I would say that Amazon's doing a good job at holding up uh it has upside potential in terms of this uptrend I think it might dip a little bit Upon Our open but then watch and see if we could as long as we hold 184 we could try to rebound okay so it's doing a good job meta pumped all the way up to about 530 almost only to dump back down so if we don't reclaim 520 we could be dipping down to 514 we'll see if we bounce off that or not there might be a dip coming to meta as we have some bad news that came out Microsoft is looking more bullish trying to hold up we'll see 425 is support and then then the higher 430 is like very close to 430's resistance I think it might shuffle for a bit within this range but there is still upside potential if we could try to hold 425 if not we could be dipping closer to 420 again um exactly is predicted Google did end up reaching the 157 area I called that out yesterday so it's a tough resistance if we break this we go up to 160 if we don't break this we could be dipping back down to 155 so we will see this is a tough resistance we dip and then bouns and try to break out from here so we'll see how it goes with that being said I just want to say I really appreciate you guys so much for listening please have a great day and just know that these are going to be some very very key levels um as far as Tesla goes Tesla is a little bit uh weak compared to the market we're kind of in the red right now but I think there's going to be an attempt to try to get up to 230 we'll see if Tesla could break this or not we might start off gapping down in the morning uh once we open and then we'll see how we end up reacting to the Miss consumer sens report at 10: a.m. we may attempt to get closer to 2:30 but we'll see if we can break that or not I do want to warn you Tesla's a little lack closer because of the negative news so give it the time it needs we're still range bound this premarket session we'll see which way we break with that being said I appreciate you guys for listening I'll see you guys very soon in another update video uh in just a couple of hours until then watch the range on Tesla and we'll see which way we break once we get our data thank you for listening and peace out