Yeah I should have mentioned that I had posted a daily chart above. It’s clenching on that ~$70.44 level right now. Weekly chart below. Divergences and it’s just trading sidways since August 2018

In the short term (hourly chart) it may be going for a retest of the high:

cracks under the hood, good. When engine fall out? love ya Randy

I have absolutely no read on the chart of NKLA (no idea where it goes from here). I’d imagine a good part, if not all of the big move over the past couple of days is news-induced but there just aren’t any nearby support & resistance levels, trendlines, etc.. or enough trading history to get a good read on the chart.
Some big moves like this are justified & aren’t followed by a big drop while others are (followed by a big drop). However, I can’t make a case to be long or short that one, at least not at this time.

Negative divergences building on the weekly chart of MNST as well.
Yep, CAN made an impulsive breakout today & could continue to run as long as the tech sector holds up but the fact that XLK is the only one of the 11 sectors in the SPX trading higher today with big divergence between QQQ and all other indexes today (SPY, DIA, IWM, & even QQQE (equal-weighted $NDX) could prove to be a red flag for the rally if this doesn’t prove to be a one-day wonder.

Yep. The risk-off assets (gold & Treasuries) have been rallying fairly strong the last few days with the $VIX also ticking higher. I just wrapped up a video highlighting the unusual divergence between the broad market (SPY, DIA, & IWM) and the $NDX (QQQ), even the $NDXE (equal-weighted $NDX or QQQE) today. Starting to see some cracks under the hood of the rally for the first time in a while.

NQ apparently only goes up now. It’s about 2% away from megaphone resistance which could signal the mother of all divergent highs. This market will go down in history as one of the biggest fundamental disconnects of all time. It make dotcom look quite run of the mill.

Gold (XAU/USD) seems to have put in a little break out of this 1hr descending wedge and has restested. I’ve been long for months but looking for $1750-60 to be put in the rear view mirror to add further and get more aggressive on a couple of select miners again.