 What's going on YouTube right now? It is July 16th 422 and a couple things I wanted to talk about so today I did see a the Tesla semi so I'll talk about that in just a little bit I also first want to go over my analysis. I did in my last video and so actually let's take a look at that The reason why I think weight 5 may not be over because it can get to the 100% extension from Like and subscribe 2 3 4 so this still has a little bit of room to go up, but I see divergence so Think soon I'm gonna steam or retrace a little bit before we may start a new way of count or okay now Let's take a look at the charts today and see what they're doing my analysis was pretty close Yeah, let's just take a look at it. Okay right now it is 4 p.m. On Tuesday July 16th S&P 500 charts daily same scenario wave 3 up It did break this trend trend line a little bit, but it's kind of what I expected hourly chart I talked about I believe this was gonna run us momentum soon and it'll Break out to the downside. That's what it did. I had this right here initially being a wave 3 4 5 up here and I think my wave count was a little bit off that could be correct, but you know, we'll just have to wait and see what What happens next, but let's go into the rank. Oh, so On the hourly chart Matthews down We have moving averages starting to turn around that it's under the moving averages so Or now just wait before I would make any moves sort of rank. Oh, too. This is where I kind of hit its spot on so primarily from my last video I had two three four and then The price was around here and I was saying that you know It may come up and touch you know reach the 100% extension before it goes down for the retracement and You know, I could barely just nip to the 100 and now it's on its way down But I do not so I had this being what I went two three four and this being five. I actually think That my wife count might be a little bit off. This is probably one two and this whole move Is wave three and this one right here is four down before it goes up for five So that's my new thesis. So this one right here would actually be three and Then if we did Extension from zero one two It just broke the two hundred percent extension Then if we go retracement from two three It is almost Coming to the thirty eight point two So I think this still has a little bit more room to go down before it'll go back up for a wave five which now I think That wave count is so this is three is coming down for four and then the next wave up will be five So I'll watch this see how much further could go down. Maybe it won't go much at all because I do see divergence again so I Think this one will be way for someone down here and then I'll go back up For a way five between let's see Or it may extend to Cluster here Some of between this area is where I think it will go That is my take on the next move the S&P 500 Okay, and here is the Tesla chart. My thesis here hasn't really changed. I still think it's an uptrend. It's going up Soon you'll get to this Area 255 but that looks like that's been a resistance before so it looks like it kind of just Bouncing off it right now. I may have a trace a little bit before eventually it'll break up Into it and then it'll be maybe completing wave 3 and I'll have a way for down and then the five up And then keep going up to My target, I think I said last time was around 275 because that would be the retracement 50% retracement of this whole move. So It breaks past This price 255 and my next price will be 275 Okay, now about the Tesla semi so there was a spotting of it. We got it too quickly, you know Look at it. We didn't get to look inside, but we've got to you know walk around it and They told us about it and the tech that's in it and Tesla's just doing some really innovative stuff man I am huge on Tesla The media is always Negative and bearish about Tesla and all the bad things that's going on and any little thing that happens is exploited But there's a lot of good things they're doing like and it's not just with their with their Electric cars, you know, they have their solar grids and their battery packs that they're putting all over the place You know a bunch of different countries that don't have a lot of power And there's a lot of things that Tesla's doing that goes unnoticed. So Yeah, they're changing the world and very innovative and I'm hoping you know soon people will realize What Tesla is doing and how it's changing the world Like and subscribe