A Bearish Setup on EV Giant

The SPY index was strong in April and May.

Now we’re at a point where I’m hesitant to go with bullish positions. I explain why in today’s video.

Plus, I have a new trade based on an upcoming vote for Elon Musk’s pay package with Tesla (TSLA).

Click the image below to get that setup.

Elon Musk's New Deal and a Bearish Trade Setup



The Tesla board votes on Elon Musk’s pay package on Thursday and I’m looking for a move down into that event. As you’ll see below, I have a bearish 130-minute chart and an A+ bearish setup in SAM. Using the 6/21 $170 puts, I’m looking to entry near $175 and a stop on close over $180.

Tesla (TSLA)(Click to enlarge)

For more trade setups like these, I recommend joining me in Daily Profits Live. Right now I’m in the middle of a 100-day trading sprint – all due to one of the biggest market movers in recent memory – artificial intelligence. But I’m not interested in the future of AI, instead I’m interested in what’s going on in AI right now.

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P.S. I love answering your questions. It’s the best and most rewarding part of my gig. If you have a ticker or chart you want me to break down – or just a general trading question – please email me at feedback@monumenttradersalliance.com. I’ll let you know my thoughts on a few submissions in a future video.



“In (SOFI) @ 0.20, out @ 0.02 for a 90% win! (in 124 days) Thanks Karim.”
– SpacemanSnoopy

“In (CRM) 6.50 and out at 8.38. 28% gain in 2 minutes. Nice way to start the day. For once I scored on one of these quickies. TY Bryan!!!!”
– Lance

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– JerryT