Picked up a concerning $TSLA trend.
Elevated Short Pressure has been a reliable predictor of price decline in the last 3 months and we saw it hit a 90 day high on Friday...
@prospero_ai
Look at the near term short pressure, itโs nothing like Nov.
Major sustained short pressure and TSLA is ripping face. Nov action was knocking down the price. Retail is stacking up, shorting doesnโt work on ride or die crew. 160c
@whatnotsoforth
What about the 3 circles on the graph where elevated Short Pressure clearly affected the price during the run up?
Would be unconcerned if not for signs of the market turning but this and a Bear shift is worth noting. TSLA ran up in a Bull Jan and fell in a Dec Bear run.
@ednew_theoden
Short Pressure Rating and Net Options Sentiment are short term signals. Downside Breakout is long term and focusing on bets in the long term options markets ~1Y horizons. A stock that may be due for a short term correction, doesn't mean Downside Breakout should be high