what is good sister family it's Ray J back with another video and in this I'm going to be talking about the one and only Tesla stock

what is good sister family it's Ray J

back with another video and in this I'm

going to be talking about the one and

only Tesla stock what you should be

looking after for the future I'm also

going to talk about the overall Market

some major things that are coming out

for this week as earnings week is

kicking off and we have some major

earnings coming out I'm also going to

break down some big headlines coming out

about Elon Musk and Tesla but I do

anticipate to happen to the markets and

why on Earth you should be very cautious

in my opinion now before I break

anything down and give you guys my Tesla

price prediction for tomorrow I do have

to mention a couple of things before

starting firstly I'm not a financial

planner take none of this as Financial

advice whatsoever and also if you guys

can please smash the like button if you

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sort of the way let's get on with the

video the Spy was up about 0.39 for the

day on Friday and we didn't actually see

the market show some very nice momentum

we do still have some bullish momentum

on the macd as of right now but I can't

really make

any major predictions just yet because

you have to remember we have a very very

big big big day tomorrow and maybe for

the next two weeks almost every day is

going to be pretty big because we have

earnings kicking off and I just want to

remind everyone that tomorrow we have

some more earnings coming out many big

ones are going to be coming up before

the Market opens some of them after the

Market opens and during this time we

have Goldman Sachs that they're actually

going to be releasing their earnings as

well not to mention Morgan Stanley I

think many of them are going to be

coming out in during the aftermarket so

I don't expect them to affect us way too

much in the very beginning but I do

believe that how we start moving

starting from like I would say like

Wednesday and Beyond and some of the

earnings coming out for today could

definitely affect the sentiments in this

market now one thing I don't like about

the market if I'm going to be honest

with everyone is

where we are kicking into this earnings

one thing that tends to happen

especially if we pump too hard

approaching like a CPI report is the

market tended to get opposite reactions

not always but that was something that

happens or it's kind of like when a

stock starts pumping very hard before

earnings that does not always guarantee

we're gonna pump right after and

typically you'll get kind of like an

opposite reaction and I'm just trying to

say this because right now the market is

very greedy people are putting their

hands up to becoming very excited you

could see for the past month we've been

greedy neutral greedy people are just so

greedy they think the Market's gonna

push up the majority of investors are

becoming who are comfortable now do I

think that this is the best of time to

be really greedy I wouldn't necessarily

say that but I can't guarantee that

you're going to be wrong if you do have

that sentiment because the reason I'm so

cautious is because of what the

technical indicators are saying and also

the vix being at such a low value I'm

going to talk about that in just a

couple of minutes but like I said

earnings are going to kick off and they

are going to affect how the market moves

we can't predict them perfectly and I

really believe in my opinion earnings

are most likely not going to be that

strong I think they're going to be very

mixed very flat and some are going to be

some pretty big misses that could

actually bring spy in the market down

and also Tesla I will talk about Tesla

in a little bit more detail but I just

want to note that

the vix right now or this the last time

it closed on the American markets it was

at

18.35 and we did actually see the spike

a bit today in different markets so I'm

still very cautious when it comes to the

levels it's at because if this thing

does start spiking that's not going to

be the best of signs for the stock

market I also want to note something

else that's very important and that's

the fact that for the Tesla we have some

bad news that came out it's not

necessarily the worst of news but Elon

Musk is going to be poised for trial

over some 2018 tweets that came out

proposing to make the car maker private

I'm sure you guys remember when that

happened and all the scrutiny that Elon

Musk got the trial is still going on

or at least he has to go to trial again

over this and I know that there could be

many biases involved in him having to do

that don't want to get into any more

details like that the bottom line is if

you are a Tesla investor or an employee

or whatever it's important to note that

if your CEO is going on trial that's not

the best of things for the company so

that's the reason why we have to be very

careful I know news like this tends to

twist things and there could be the news

right now that's coming out about Tesla

it's particularly really really negative

they're trying very hard to attack this

company bring it down and it really is

what it is right this could affect the

share price once again

now I know there's still a lot of talk

right now about the price cuts for Tesla

and this and that I mentioned this in a

lot more detail in my previous videos I

just want to note that the goods have

been happening between nine to twenty

percent for all of their models actually

it's six to twenty percent but this is

happening and they're getting lots of

scrutiny for this but I believe that

they've done the right thing especially

a big drop over such a short period of

time it really incentivizes more people

to start buying and buying and buying to

offset the lower demand that this

company has been seeing they did this in

China now they're doing this in Europe

and the United States they have to do

what's necessary for the company I do

not consider this a bad move but this

does tell me that future earnings may

not be as great as some people are or

they may expect them to be because

there's clearly a change in this economy

the the effects of the rate hikes are

starting to show and I believe we're

going to see the real effects of them

later on it's still going to take time

the reactions tend to be relatively slow

so with all of that said how we open

tomorrow may depend on some earnings may

depend on other pieces of data but from

a technical standpoint technically we

are still in this uptrend it's not

necessarily over and I do believe the

next major level on spy is going to be a

fight at this trendline descending

broadening wedge resistance now

could we break past this it is very

possible we could try to fight Ward if

lots of buyers come in but there's also

the possibility and this is what I

mentioned in my previous videos that

this could be a giant bull trap to

convince me that this is not a bull trap

and we're gonna keep flying up you have

to break and hold 410 right you can hold

it in a very strong manner then this

thing might actually start flying and

that is a possibility but like I said

before I think it's very unlikely and

I've said that because of the fact that

earnings are coming out they're likely

not going to be as great I do believe

that the first few earnings may be kind

of decent or actually pretty good

because the first banks that had their

earnings I believe we had JP Morgan

Chase and other ones

they all ended up beating on earnings

per share and only one of them actually

missed I actually have I think I had

their charts here but only one of them

missed on Revenue so the majority of

banks are doing pretty well so far but

there's no guarantee this is going to

continue for lots of tech stocks we also

have Netflix having earnings on the 19th

Tesla has earnings on the 25th that's

going to be very important my

expectations are personally not super

high I'm still going to be very cautious

I'm actually not going to even like play

Tesla into this I'm just gonna wait and

see what the company shows us so with

all of that said what do I think is

happening on the charts now why am I

still cautious why am I so cautious my

answer to that is the levels we're

seeing on the vix

the vix came down really really hard in

such a short period of time if you

actually look at it this thing dropped

insanely hard we actually had like a 10

ready or something like that not too

long ago not the best of signs to be

buying shares and companies or buying

stock in my opinion not Financial advice

by the way but I'm saying this because

when you see this big drop in the

volatility index and it's at such a low

value you ask yourself is this thing

about to get a big reaction to the

opposite direction in my opinion

I believe this thing would get a

reaction slowly it would make a nice

move to the upside I just don't know the

exact day it's going to happen and it

could happen soon so that's why I'm

still warning everyone to be very

careful because I think it was on the

macd on the macd you're seeing this

major Divergence look at how this this

momentum looks right here compared to

right here I think the RSI shows the

same thing I believe it does yep so on

the RSI another clear Divergence that is

also forming right once again a very

very critical thing this basically tells

us that we could see a big reversal on

the vix which means the stock market

could make a big move to the downside

right over the next few weeks over the

next week or so it could happen very

soon I'd be very careful and then also

on the QQQ

what's good about it is it looks pretty

strong we could actually fill the Gap

here and to me the NASDAQ looks like it

has more room that's the very

interesting thing because the the vix

drops so hard and that's why I'm so

cautious but from a technical standpoint

the NASDAQ looks like it has a little

bit more room to push and I believe that

it's a little bit more likely might get

a small push from the NASDAQ maybe Apple

pushes up a little bit more before we do

start to see it stagnate and here's one

of the reasons why why could the QQQ

push up a little more uh the answer is

it might get dragged up by Apple right

could we fill this Gap I don't know if

that's going to happen that soon maybe

we try to do it maybe we fill it but

then we could see a big reversal to the

opposite direction pretty fast why why

might Apple pump a little bit and why

might Apple slow down well on Apple

I just want to note that we have this

very big uh Supply zone right up here

we are very close to entering it if we

do enter it I'm going to be watching

136.8 on this thing because we could see

a rejection after we got a big rejection

right off there before could happen

again right so be very very careful

depending on you know the news and

earnings and Etc but if it keeps going

that could actually pump the markets

once again it's very hard to tell

depending on earnings and based on where

the vix is on spy

I believe we're going to fight for the

descending broadening wedge we're going

to try to get to 400 and in my opinion I

don't know if we're gonna break this

tomorrow it really depends on so many

factors but it's very possible

but what's going to happen is we're

going to try to establish a lower high

so 402 to 406 has been my target I did

adjust it a little bit I could see it

coming up to this level and maybe

getting a big rejection to the downside

if this thing truly needs to explode to

the upside we have to break and hold 410

I just mentioned that that's a very

important level to watch now what does

all this have to do with Tesla what am I

what what the heck am I seeing for Tesla

the answer is on Tesla we've been

respecting let me actually I was just

drawing out a hypothetical situation I

will actually uh talk about that in just

a few minutes but we've been respecting

this nice uptrend this is kind of like a

rising wedge but what I want to note

about it is one thing I that's not that

great is the fact that we've been

shopping back and forth and back and

forth

and at the same time

the Spy the NASDAQ these things have

been pumping

so these things are pushing up and

Tesla's just been going back and forth

and back and forth not the best of signs

that's why the price press ratio is

still at this relatively low value

because Tesla is underperforming it

still is technically and I do believe

there is a possibility that this could

change and maybe Tesla starts to

outperform it's going into earnings

because Tesla's earnings is once again

going to be on the 25th of January just

nine days away but the problem is right

now I'm not seeing it in the charts I'm

not seeing lots of you know strength as

of right now it's been underperforming

and that's particularly because of all

the bad news the stock has been seeing

so what I think Tesla could do is

right now we're still stuck in this

channel we're just going back and forth

and back and forth it's pretty boring

actually in a way

um what I think is we're gonna basically

repeat this cycle unless we get a break

in one of the directions and it's going

to depend heavily on the news now the

market performs I believe Tesla is going

to try to go for this Gap fill up here

this one two three area

and then another Zone to watch would be

this trend line see this trend line

right here on the bottom I want to see

if Tesla could hold this I want Tesla to

hold it for there to be hope of a more

bullish Outlook if Tesla comes down and

breaks below this trend line so if we

hypothetically

if Tesla's like this let's just say we

get a push up to fill this Gap then we

start coming down

if Tesla breaks below this trend line

okay

not going to be a good sign

because if we break this then then we

have potential to come all the way back

down to this like 1 15 116 area

and if that doesn't hold us

because we've bounced off here

historically but if that doesn't hold us

then there's also the Gap way down here

to this 113 that could get filled

I would watch that very carefully now

even though on the bigger time frame we

have

we have this like

left shoulder the head right here and

then like a right shoulder here this

does resemble an inverse Head and

Shoulders but it is leading to a

potential Rising wedge

which is not the best of signs

right but then at the same time we also

have this head and shoulders like

formation that's forming which could

actually cause a bit of a drop

right the relative weakness that Tesla

has is not the best of signs so like I

said there's so many hypotheticals it's

very hard to predict right now because

there's so much crazy stuff going on

from earnings to the bad news that Tesla

just had

what I want to note is what are the

levels and then I am going to just

attempt to give you guys my prediction

but please take it with a grain of salt

because the news affects this stock I

can't always predict the news but I want

to note

the resistance right now is between this

one to five ish zone right here

then we have support around this

115-ish Zone it's it's not like a

perfect area it tends to be like it

tends to fluctuate between this Zone

where the true balance area is we

bounced off like 1 16 at one point

another point it was 115. so between

these two zones I think Tesla's going to

be stuck here but we will likely make a

big move if we break one of these so if

we do break above like one two six this

thing could actually go flying to one

two eight then one Thirty right but if

we break below because of some bad news

hypothetically 115 if we break that man

we could come all the way down to this

113 level maybe even lower than that so

that's why it's so important to watch

these levels on Tesla you could quite

clearly see how it's been respecting

support and resistance so what am I

predicting all right I'm gonna just try

to give you guys my best

educated guess I can't predict it

perfectly because of you know the news

that's coming out I will say something

like this I believe

Tesla's going to fill the Gap here

I think that's going to happen

and I don't know if the market is going

to get a big rejection because spy is

getting very close to like 400 we might

see the market slow down a little bit

I'm also worried about the vix that

thing could balance at any given moment

seeing how how much it drops in such a

short period of time it's almost

oversold I don't want to really use that

word for it but it's almost oversold in

a way

so Tesla in my opinion it might start to

come down and re-test this trend line if

it breaks it I would anticipate to

quickly come all the way back down to

this area I don't know if it's going to

break it or not I like to be optimistic

because the NASDAQ and the QQQ look like

they're going to try to hold up but then

again Tesla has been relatively weak so

I think it's going to stay in this

Channel and we're just going to see some

boring price action just back and forth

like this and hopefully we can see a

slight flat day could actually come down

a little bit but what I was thinking was

and this was my prediction initially

at the stock market is going to hold up

and might even push up a little bit more

it does not look like the sequence is

over yet we still have some momentum

and I I believe this might help Tesla

push up for just the next few days

before we do start to slow down that's

just what I believe is likely to happen

but we have to watch the levels just to

be safe and sure for Tesla I believe

this thing is going to try to hold this

level just a little bit to close very

flat but then later on when we have the

news about the dead ceiling you know the

debt ceiling limit is actually coming

which means the United States Congress

is about to be entering a battle about

raising the dead ceiling and things like

that not good for the financial systems

in this country which could actually

negatively affect the credits markets

which could lead

the U.S treasury yield 10-year treasury

yield going up if that happens it could

be very negative for the stock market in

the past that has happened leading to a

bit of a drop so later this week I'm

predicting that the marketing might slow

down a bit going into like Thursday or

Friday but before that I think the

Market's going to try to hold and I

think Tesla's going to try to hold these

levels I don't know if we're going to

try to break like 125 because we did get

some bad news about Elon Musk and also

Tesla has been pretty weak it's just

been stuck in this channel so far

there's no indication of it breaking it

becomes much easier to predict once we

get a big move but for the time being

I'm anticipating it's a push up a little

bit fill this Gap maybe come down a

little bit and have a very flat day and

if the market does pump a bit it might

try to pump a little bit but I'm just

not as

confidence about that just yet because

the vix is in such a very very tight

place with that said I'm anticipating a

pretty flat day for Tesla I do think we

might close very close to being on the

green or red hopefully we're a little

green it could be a little bit of a

green closing the one two threes I'm

really hoping for that but other than

that I don't see much else going on with

the stock it's been pretty boring just

going back and forth pretty choppy price

action for now but I'm hoping this thing

could actually see a nice move I also

want to note that earnings is just

nine days away and if we are in this

like Rising wedge like pattern if this

still holds it just like it's a big

balance and continues to push maybe

that's awesome maybe it wants to push up

but if we are pushing this hard

approaching earnings that is not always

the best of signs if this thing's making

such a big move especially in this

bearish pattern which is it's not going

to be the best of science okay and we

could see an opposite reaction after

earnings so I would be very careful of

trading this thing uh there is a

possible inverse Head and Shoulders

playing out if this thing wants to

continue pushing it is possible if we do

get that breakout so make sure you watch

this 125 Zone and also watch this 115

Zone these are the two zones Tesla has

been stuck in for the past week

it could break either way it is very

possible it might break to the upside

though it could still happen I'm just

very cautious because of the vix but

that's essentially what I'm seeing maybe

we get a flange maybe some would Green

Day tomorrow

I'm just going to be very cautious

anyways thank you all for listening

please remain calm cool and collected

please enjoy your Martin Luther King Jr

day I know I forgot to mention that in

the beginning it's a very important day

to remember our history because our

history is not only our past it's also

our future we must learn from our

mistakes in the past and we must

appreciate the advantages we have right

now no matter how hard it is to see them

thank you for listening I want the best

for everyone keep your heads up guys and

I'll see you guys in the next one Tessa

to the Moon because the long-term future

is still incredibly bright and peace out