I’m being patient with my gold & silver positions for now as the charts still look constructive. In recent months, they tend to rally in bursts followed by periods of consolidation or partial retracements before the next leg up.

First of all, very unlikely as the run-away inflation poses a huge risk to both the US economy as well as the current administration (with mid-terms coming up) & the Fed is anything but apolitical, as they are suppose to be.

Second reason it is unlikely to happen is because that might seem bullish (and of course, should be), the market would probably freak out, thinking that the Fed knows of something very bad that’s about to break in the system & view the 180 pivot as an omen. Bottom line, I would put the odds very close to zero that the Fed will pivot back to a ZIRP anytime soon, even if/when the market throws another hissy fit like it did in Q4 2018 the last time they attempted to take the heroin away from the addict.

I just don’t have a very good read on TSLA at this time but can say that it will most likely fall & fall hard with the rest of the lot (FAAMG+T stocks) if/when the market breaks & the next wave of impulsive selling down to my next targets on the weekly charts is underway.

Adding SQQQ or watching for a bounce off the previous lows?

I imagine that would be a rally for the bulls if at that time the charts show bullish posture.