Growth stocks like AAPL, MSFT, and TSLA have rotated lower in July and August, with further downside potential as interest rates remain elevated. Will Tesla bounce off support and threaten new highs again, or is this recent decline just the beginning of a bearish trend for stocks?

When different technical analysis tools all coalesce on one particular price level, this is what we call a "confluence of support."  Connie Brown stressed the value of using different technical indicators based on different inputs.  When these indicators agree on a particular signal or level, that’s should be a higher conviction signal to consider.