Editor’s Note: Today is the BIG government-mandated Pivot Point. Tomorrow morning, legendary Wall Street Insider JC Parets will be streaming LIVE inside of his private Divergence chatroom to reveal his trade recommendations based on today’s data.

He believes we could see trade setups that could surge as much as 2,000% within weeks. You have until midnight to save up to 60%-off AND receive his second service FREE with his charter membership deal.

>> Get access here.

– Ryan Fitzwater, Publisher.

When market leaders consolidate after massive runs, one of two things happens: they either explode higher in spectacular fashion, or they roll over and take the whole market with them.

Right now, we’re sitting at exactly that inflection point – and I’m betting on fireworks.

The technical setups are textbook.

After months of sideways action that shook out weak hands and reset sentiment, the market’s biggest names are coiled at critical levels.

I’ve seen this movie before, and it usually ends with explosive moves that catch everyone off guard. The question isn’t whether we’ll see fireworks – it’s how big they’ll be.

Two charts have my attention this week:

Shout-out to our friends over at Roundhill. Those are nice guys over there.

These are the stocks in the Magnificent Seven.

I’m looking for this bull flag to resolve higher – leadership by the Mag 7 is further confirmation this bull market is intact.

I would caution that if this bull flag is not that, and this consolidation resolves lower, it would likely be a headwind for U.S. equities over the near to intermediate term.

But, if this is just a continuation of this current ripper of a bull market, then expect fireworks.

Especially from some of the most-hated names…

And everybody certainly hates Tesla (TSLA) and their CEO Elon Musk:

But that’s why I love it. I don’t care about politics. And I know nothing about electric vehicles.

This is about maximizing shareholder value. And price.

Also, I think TSLA can go to $1,000. That would make it the biggest publicly traded company in the world.

That’s the upside.

How quickly people forget that just a few years ago, TSLA went from about $80 billion in market-cap to more than $1.3 trillion in about 18 months.

If a CEO’s job is to increase shareholder value, then no CEO in American history has done it better than Elon Musk.

Here’s how I see it…

If the stock ran 3,000% into this consolidation, I would expect a similar type move upon completion of this well-deserved digestion of those gains.

So, yes, biggest company ever?

That’s definitely in the cards.

We’re long and may even buy more TSLA this week.

Stay sharp,

JC Parets

TESTIMONIAL TUESDAY

“Hey Nate, I must say that I definitely love day trades. They have in general worked very well lately as the market has been choppy and hard to trend. Thanks for adapting and helping your community.”
– Asian Trader

“IN AT 2.32 OUT AT 3.15 36% IN LESS THAN 5 MINUTES on HOOD. Thank’s Bryan.”
– Thorn I

“$5.10 for 53% in LUV (in one month). Thanks Karim.”
– GreggD