We looked at the charts of Tesla (TSLA) back on Feb. 16 and wrote that "Wall Street analysts have been leapfrogging each other as they raise their price targets for TSLA. Piper Sandler analyst Potter recently took his price target to a new Wall Street high of $1,200. Despite all seemingly bullish news, the stock has stalled and is looking like it can correct lower. Just as TSLA's strength lifted the S&P 500, its weakness can cut in the other direction."
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Let's look at just how much lower we can go, how much higher rates can rise and what's flying in the U.K. and Japan.
The daily swings in the key index haven't been nearly as wild as they were 14 years ago, although most of the volatility back then came in the fourth quarter.