Tesla, Treasuries & Wheat - Setups

Tesla (TSLA)

Position: Long

Reasoning: TSLA has a lot of relative strength as it is up 2.48% this week as the S&P 500 (SPY) is down 2.26% this week so far. TSLA is above the 9 & 21 EMAs on both the daily and weekly charts.

Cycles Brackets: TSLA may be in a bullish cycle bracket on the weekly chart that ends around 8/11/2025. On the daily chart TSLA may have some time before the next cycle bracket renewal that occurs around 9/25. There is usually some selling pressure around cycle bracket renewals.

Entry: Current price is just above the Pivot Point on the daily and weekly charts. A trade can be entered now.

Stop-loss: Below the daily chart’s Pivot Point at $209.

Take profit: R1 Pivot Point at $236 or R2 Pivot Point at $259. Alternatively, trail stop on the 21 EMA on the daily chart.

In the Premium Section (for Paid Members), we’ll take a look at the chart for Tesla, and also the Setups for Treasuries and Wheat. You can find our membership details in the image below.