| Tesla's annual shareholder meeting is on November 6. While everyone's obsessing over earnings and macro stuff, nobody's really paying attention to this event. When you see a stock holding its ground during market weakness AND sitting on a daily squeeze, that tells me institutional money is positioning for something bigger. They're not selling the weakness - they're accumulating through it. That ramp yesterday? That happened the second SPY found its footing. Imagine what Tesla does when the market actually turns bullish. Your Action Plan I'm holding this butterfly and vertical into November 6, but here's what you should watch... - Entry zones: Any pullback to retest recent support becomes a gift.
- Timeline: The November 6 shareholder meeting is the catalyst date.
- Risk management: If Tesla breaks below the squeeze setup, this thesis is wrong.
The relative strength edge here is huge. Tesla's showing you it doesn't care about SPY's problems. When a stock acts like this while sitting on a daily squeeze, you pay attention. This isn't about being cute with day trades - this is about riding momentum that actually matters. If you want to follow my live trades and see how I manage positions like this in real-time, check out Daily Profits Live. |
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