Testy Tuesday – S&P 3,135 Tested from Above for a Change

If it's Tuesday we must be testing the 10% line.

Mostly we've been coming at it from the bottom but, this week, we're trying something different and diving back to it from the top.  We did this back on June 11th (Thursday, actually) when the S&P fell from 3,123 all the way back to 2,965 on Thursday and that Tuesday (9th) was when we began the fall from 3,222, down 8% from the top in two days.  It's only 3 weeks later and no one even seems to remember it happened.  

Certainly not Tesla (TSLA) investors, who have driven that stock up to about $1,400 per share as of this morning, giving the company an implied market cap of $254Bn.

 

 

IN PROGRESS