"I don't have interest in Tesla as long as daily 12 EMA is resistance on the Tesla QQQ ratio. We're looking for a monthly bounce here eventually. Bears have been maintaining control. Bulls have struggled to shift anything on the ratio chart, but until something shifts, Tesla's going to remain in the doghouse."

… Looking at Tesla. So, talking last week on Tesla about the potential inverse head and shoulders here. I guess we're watching it on the daily left shoulder head, right shoulder, you know, deep right shoulder, strong bounce Friday. That's nice, but uh not really the retracement you'd like to see and for me personally, I don't have interest in Tesla as long as daily 12 EMA is resistance on the Tesla QQQ ratio. We're looking for a monthly bounce here eventually. Bears have been maintaining control. Bulls have struggled to shift anything on the ratio chart, but until something shifts, Tesla's going to remain in the doghouse. And now we can see another solid day or two of relative strength on Tesla and still just reject from daily 12 EMA on the ratio. So, save your bandwidth and wait for the ratio to tell you, "All right, it's go time." You won't buy the pico bottom, but is it that valuable to buy the pico bottom if you try and stop out and try and stop out and you do …