Tesla’s explosive rally last week stalled almost precisely at the midpoint Hidden Pivot of a pattern projecting to 1803.69. Investors and thrill-seekers focused on the round number $2000 may find the shortfall disappointing, but the target looks like  a decent bet to cap one of the most insane short squeezes in the crazy history of the stock market. All three levels  — p, p2 and D — will be in play for purposes of getting aboard, or possible getting short, so stay tuned to the Trading Room for timely updates. Newcomers in particular should pay close attention to the way ‘mechanical’ trades help us tame and exploit the most rabid beasts. ______ UPDATE (Jul 13, 9:51): I hadn’t imagined TSLA would reach my seemingly ambitious target in a single day, but it did. The fleeting top just 0.4%  from my target gave way to a stunning reversal that is going to leave bulls not just cautious, but fearful.  Look for weak, distributive action this week, turning increasingly urgent by week’s end. ______ UPDATE (Jul 14, 8:49 p.m. EDT): Bulls stood their ground, settling into a tight range that looked more like accumulation than distribution. The implication is that they will soon be ready to romp again, and to challenge Monday’s absurd, bull-trap peak without losing more than a step or two.  Crazy! ______ UPDATE (Jul 15, 9:47 p.m.): Bulls were not as impressive as I’d expected, possibly because there was too much buying interest at the open to take the stock down and deplete sellers. Look for sloppy price action, possibly mutating into distribution, over the next day or two.