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Thirty minutes after the opening bell on November 24, 2025, I posted the following heads-up to MPTrader members about the technical setup in META:META has the right technical look of a significant U-Turn to the upside after completing a 27% August-November correction from 796.25 (8/15/25) to 580.32 (11/21/25)... To gain more powerful upside traction, META needs to climb and sustain above nearest-term resistance at 614.70 to 616.50, which if (when) taken out, will open a higher price pathway to the 670 area to challenge the down-sloping 200 DMA... Last is 609.27...
TSLA is one of the stock charts we follow every day on both the daily and intraday charts. It provides a recent example of what I call a Fibonacci Price cluster. A price cluster is the coincidence of at least 3 Fibonacci price relationships that come together in a relatively tight range. In the TSLA example, we had a price cluster that came in for possible support at the 379.57-382.32 area. This zone included a .618 retracement of one swing, a 50% retracement of another swing along with a 100% projection of a prior decline.
When I was a young child, I remember my grandmother watching a soap opera called “As The World Turns.” Well, we seem to be stuck in another similar type of soap opera in the market, which I am now entitling “As The Market Meanders.”We have been stuck moving back and forth in this region now for over 3 months. And, while we are still very stretched to the upside, the market has yet to provide us any evidence that a top of any larger degree has indeed been struck. The 6550SPX support region has held on many tests.
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