🔥 TESLA STOCK DIP THEN BOUNCE!! TSLA, SPY, ES, NVDA, QQQ, META, MSFT, COIN, & AMZN PREDICTIONS! 🚀
Published: Sep 11, 2024
Duration: 00:12:58
Category: People & Blogs
Trending searches: elon musk net worth
what's up Tesa family it's Ray J back with another video and this I want to break down what happening with sesa spy video the QQQ and a couple of other tickers also going to talk about the overall markets we just got the PPI report that came out not to mention other pieces of data that are going to be affecting the markets but just notes that I am not a financial planner take nothing I say is financial advice and also if you guys can please check out the mumu link every deposit $100 you guaranteed five free stocks deposit 1,000 bucks are guaranteed 15 in total not to mention 8.1% apy on uninvested cash anyways the question is what's happening with the markets in my personal opinion I think that with this release from the PPI report I would say the DAT is a little bit mixed overall and this could cause a little bit of a dip temporarily in the markets but I don't think the dip is going to last forever I think we will dip a bit and then we will get a nice bounce after that so I'm going to break down exactly why I believe that and some big factors involving these charts so for the PPI report that came out about 10 minutes ago PPI month over month for all items was at 0.2 % obviously it's not bad but it's actually uh slightly above the consensus in the forecast of 0.1% so it's a little bit above that but not that bad it's only by about 0.1% which is just once again uh not bad uh it's very close just slightly above that core PPI month over month was at 0.3% a little bit above the consensus in the forecast as well between 0.2 and 0.1% this was also a little bit above expectations to a very very tiny extent so the month over month data was was uh so so however um core PPI year-over-year was at 2.4% that is aligned with expectations and then PPI year-over-year for all items was at 1.7% aligned with expectations so most of the PPI data was pretty good half of it was so so not bad whatsoever it's it's still once again uh you know decent overall uh for initial draw clim this was also at about this uh 200 30,000 area this is aligned with expectations so most of the DAT that came out was aligned with expectations with the exception being PPI month over month and core PPI month over month being slightly higher but that's just fine it's a very very tiny little slight Edge now at 11:30 a.m. we have some Bill auctions coming up the 4 and 8we Bill auctions so we'll see what else that leads to the market is also anticipating fwic that's the next major Catalyst coming out uh next week and less than a week from now the market thinks there's an 83% chance we get a 25 basis point cut and about a 177% chance we get 50 basis points for headlines about the market I'm not really seeing much we're seeing a lot of talk about the volatility right now and besides that I didn't see anything else that was too crazy uh there have been some talks about how uh some certain companies like madna are trying to cut a lot of expenses by over $ 1.1 billion and that's it uh there's been new headlines about alliances between GM and Hyundai but I didn't see anything else that was too wild even like for Tesla I am seen a lot of talk from analysts they're actually talking about whether or not Tesla is a car company it's pretty obvious uh Tesla is a car company for the most part right now because the majority of the revenue comes from cars but it has the potential to develop into something very different from developing AI developing robots and their robotic sector could even surpass that of their car sector believe it or not when they start you know producing these humanoid robots even the robotx that could be like another big product for them so once again I I think that we are a car company for now but as time goes on uh this could change depending on the next Products that come out yes Tesla is not only a car company they're mainly one because that's their main Revenue stream but there's other sectors that you're developing uh but once again that could change over time their revenue could be broken up into different components and um the car component may not be the main Revenue source as years go on and that's why in the future it may not solely be a car company nowadays it is not solely a car company either it's developing a lot of things it's just just that the car industry is so much bigger for them and that sector could change as time goes on so I just want to call that out so anyways as far as Tesla goes what do I see for the chart right now during the pre-market session we're looking at support at 225 we have this resistance to watch for at 228 if 225 fails I could see Tesla dip down to 222 if Nots 220 but then I don't think Tesla is just going to go crashing down like crazy I think we're just going to dip a little bit and I think that we're going to get bought back up very soon off one of these supports so notably between 222 and 218 we have our 1250 EMAs we could zip a little bit into this range before we try to rebound so watch for that very very carefully um but like I said I'm not expecting this to dump too hard I think we will get bought back up so make sure you watch 225 222 that's where our 20 EMA is and then 218 is our 50 EMA and the line at this 2115 area as our supports we could be dipping all the way down to you know the lower 220s if not closer to our 50 EMA and then Tesla could rebound again because overall this thing is still making higher lows for the last couple of weeks so we can dip a bits then try to rebound Tesla will be fine guys uh and then I think even approaching the fomc we're going to be bullish we might start off a little bearish for now but then we're going to turn back to bullish very soon once we get closer to FC as far as spy goes we pumped all the way up to 556 but then after PPI uh came out a little bit mixed I think that we could dip a little bit so we're looking at 555 as our support if that does not hold we're looking for 553 if that doesn't hold we're going back down to about the 550 area now that's also where the breakout happens to be this 549 to 550 area uh technically speaking if charts do dip down to the breakouts we do tend to bounce off of those that could be an area where spine's going to bounce so there could be a little dip coming before we try to rebound we also have resist resistance at 558 and 560 after jumping so hard yesterday we did continue to go higher today to 5.56 that's the level I called out yesterday but now we're looking like we might dip just a little bit could dip just a bit before we continue higher so that's what I anticipate to be the most likely possibility so for now we're going to be looking for this 555 Level see if this holds on spy if not we're looking for 553 then eventually uh us to come down to about this range of the EMA closer to the 550 area but then once if we do dip all the way down there we should bounce again so don't turn overly bearish this could just be another entry point for ES it's the same thing essentially this is uh it went all up to 5580 came a little bit short of the 5600 area so it could dip just a bit we'll be looking at uh 5550 is our main support if that fails us we're looking for 5530 uh we have resistance at 5580 not to mention 5600 so we could dip a little bit to 5550 and maybe a little bit lower then we could try to rebound after that so watch and see how things end up developing for NVIDIA Nvidia in my personal opinion hit this resistance all the way up towards this 118 area and we have support around 115 not to mention uh this 112 to 111 Zone as well so I could be looking for a dip back down to 115 if that fails since we're going down to about this Zone down here we could be looking for a rebound after that to continue to push higher I think nid May dip just a bit then tries to rebound and we'll be watching to see how things end up going at least moving forward that's going to be very very critical for the way things develop especially as we have this nice cup that's forming so I think ultimately Nvidia will go back to bullish it will try to get back up to the 120s before we do that we might dip a little bit to these EMAs might just get a little bit of a pullback to get ready for the next big pump that's coming approaching FC in my opinion for Bitcoin we're looking at resistance around this 59,000 area we have support currently around 57,000 Flats uh it's about 50 6,800 and if that fails us we're looking for about the you know 56,000 flat area so I presume what's going to happen as we dip down to the EMAs and like the 56,000 then we could consolidate for a bit and then eventually try to bounce higher and eventually I think Bitcoin will pump even more we could start off on a weekend before we try to continue to push higher so watch for that once again for Tesla the similar Trend uh I anticipate it's going to dip a little bit more before it tries to bounce so so far you know if it a little bit we're going to be fine as long as we don't lose like 210 we're going to be completely fine so it might dip a little bit more before it tries to get that bounce for NQ we have this resistance around this 19,300 area we have supported 19,250 that fails us we're looking for 19,100 then 19,000 flat followed by 18,857 then we could try to bounce off that and continue higher later later on so I anticipate we will be testing at least 19,100 before we try to rebounce look for a little bit of a dip uh before we continue to bounce for the QQQ we came just short of the 472 Target we're only at 470 so it's okay um if we do dip a little bit we're looking at support at 468 if that fails us we're looking for 466 Follow by 463 and if that doesn't hold us we're going to likely return all the way down to the 460 area the breakout area is closer to like 458 to 460 so we could dip just a little bit on here uh to about 465 if not the lower 460s then we could rebound and try to continue to push higher to to the imbalance around that 47 uh 474 area so we might dip a little bit then try to rebound that's what I find to be the most likely possibility for Apple Apple's trying to push for 22 3.8 that's going to be our resistance um our support to watch for is going to be at we're actually holding up a lot better than the markets I think we might to Consolidated but maybe TI just a little bit but it's going to do a good job at holding up before it continues higher so it might just be a small little dip before anything else but I think it's doing a good job at holding up for the iwm Russell 2000 um same thing I think that we've already botom at 204 for the time being we could see a little bit of a DI back down to 208 maybe a little bit lower before it tries to continue to push to 212 overall it's going to be doing a good job the coinbase it's the same setup essentially we could be retesting 156 consolidates in this range for a little bit longer before we see a breakout For That 160 165 area for Amazon we could be dipping just a bit we had 185 as resistance if we do dip a little bit more we could be looking for a test of about the 182s so it might dip just a bit but then I think Amazon you know we could be forming a larger cup and handle so this could just be a retest of support before it continues higher into like the higher 180s later on next week so I think we might dip just a little bit 182 could be coming if not 180 and we'll see if we get a bounce after that I'll be watching that very carefully meta is actually holding up very well there's no sign of it declining yet so there's no sign of it dipping much uh it has potential to actually push to about 520 if we manage to hold above 512 so I'll be watching and see if that end up being the case we could dip a bit then continue for that 520 Target then we'll see how things develop from there for Microsoft we pushed all the way up to about 42 this is the target I had and now it's starting to dip so if we do continue to dip if we don't hold 422 we're looking for basically the 41 19.75 area our 200 EMA if that fails us we could be dipping all the way down to about this uh 416 Target before it tries to rebound so I think we might be dipping to at least 419 possibly lower then we try to rebound after that so watch and see if that ends up being the case for Google Google's trying to rebound as well we're looking at 53 is our support and the main resistance to watch for is going to be around this 155 area not to mention 157.5 so if Google could try to hold above our 20 EMA 153 we have the potential to go all the way up to about 157 it could even outperform the market if we don't hold up AT3 we could be dipping back down to 150 before we continue to go higher so either it's going to be uh you know continuing to pump or dips just a little bit before it continues higher anyways but this is looking more bullish to me uh as far as Tesla goes I think that we're on an uptrend over overall so if you actually zoom out for the short term I'm not talking about the the last few years I'm just talking about since August we've been making higher highs and higher lows if you actually look at this trend so I presume that we might be making another higher low before we continue to push higher so look for a little bit of a dip on Tesla before we get that bounce I find that's to be the most likely possibility with that being said I thank you all so much for listening that's my analysis for now I'll be back in couple of hours for another update until then thank you and peace out