The Trust Layer for Market Analysts

The analysis forecasts Tesla's potential bearish continuation into the 360s within 3 to 5 weeks. Resistance is noted at 461.76. 440.35 is a key level to sell below to validate the bearish thesis, selling strength at 460. A test of 469.54 may not hold and a fall back into the 360s is expected. Support lies between 402.36 and 403.60, with the possibility of containing selling pressure. The analyst notes that 402.36 is the last level of support before 362.39, should the market close below this level and the 360's is a reasonable range to target. The S&P 500 is also testing a five-and-a-half-year channel top, which, if broken would invalidate this bearish outlook for both symbols. Otherwise it's reasonable to assume the 360 target for TSLA remains in play.