Data for consideration:
Current data implying bullish momentum sinking/thinning out, bearish stance creeping in (red put line meeting green call line):
For comparison, this was last Friday (note the red put line way down and green mountains below = bullish):
Dealer Greeks buildup is still in short territory (see tiny red dot on far right. Until we see long green lines start to build, this suggests not to go long just yet until we see them, otherwise we'd be fighting the dealer trends):
The rest of the week looks volatile with no clear direction (can consider fading first move of the day -- which actually played out well today fading along with the drip from 204-197.50):
This is GEX levels for this week (red attracts, green repels). See how it's reverting to the red GEX all day practically, with seeming support at 180, 170, 160 (+GEX repels):
Noticed how TSLA is "pinned" to the red GEX level:
(Daily Candle - Today)
All interesting data for consideration when observed against price-action.
My interpretation of the data:
TSLA is range-bound between
188-205 until proven otherwise by the market action. For me this means no need to panic about red short calls just yet.