$Tesla(TSLA.US) Pre-market, I drew two levels: 306.7 and 307.3. This isn't random; it's based on the strong rejection by short sellers at these points on the 27th and 29th, where shorts held massive positions. Can a short seller's stronghold just be easily "blown through"? At the open of 302.5, bulls also entered with huge orders, creating this current stalemate—neither up nor down. Perhaps this is where the long-short handover begins (consolidation). If it breaks above those two upper levels, we can test 309.3–312.6 (but there will likely be resistance here). These are the key levels for short-term opportunities; you can try trading small positions in the actual stock. Looking downside, if 302.5 is broken (if the larger cycle doesn't break it, or if it breaks and immediately recovers here, this might truly be the bottom), then 294.8–298.5 will still be tested. Whether the current stocks are just a dying gasp before further correction is unknown; we'll have to watch the broader market. Don't think it won't look back; remain cautious.