Elite Swing Traders

$TSLA Good example of the "squat" prior to the move. Set to open at 189 this morning. You will see this type of move over and over in the market.

$CVX 3 month chart. 😳

$SPY and $QQQ breaking down below the 200-sma is another caution signal. Both of these went off our weekly buy list ~6 weeks ago. For me, once the index loses the 100-sma, it's a yellow flag, below 200-sma is a red flag. Bearish MAs above, not a good look still. As long as the war goes on, I'd expect downward pressure here.