carter worth, carter braxton worth, take it away. cbw, take it away. >> it is one of many ways to figure out the answer. i think it is the best way rather than the fundamentals two for the s&p 500. the first chart is simply the chart. no one could characterize it any other way. up to the right, north by northeast. and there is the trend line. and we are flirting with the prospects of predicting that 5.7% of the peak, that's nothing. where might we be headed it is he is today, in the world of technical analysis. not all gaps are filled when you have that. we filmed one this week. there are three below. the lowest a a gp of 72. let's look at the qqq. next chart so this is quite fascinating we know, look, it's a well defined series each high stopped right on that internal trend line. you can see where the arrows are drawing. if you look at the second qqq chart and put in a parallel line, where mate this be headed? we go back to the lower end. and so from here, that's down 7, 8% look at the russell. this is the one clearly not the uptren

carter braxton worth kicking it off tonight. carter, we teased it, but you're looking at tesla why? >> let's look at it. it is a question of, it is a beta trade it is now down 20. three simple charts. what do we know? we know that tesla gapped up on that news day that hertz was going to buy cars or tesla was going to sell cars to hertz. it ended up going up some 30, 40% from that point. but we're in the process of giving that back you can see the wedge is drawn look at the second of three charts so often after breaking out the well defined top at a common level, you will check back to it if you simply take the highs from which the stock gapped up on the hertz news, that gets us back to the 9, 10 level. that's about a 10% from here the final chart of three is all the lines together so we're down 19% from the peak. that would make sense for such a high flyer it's got some beta the question is, do we fill that gap from that euphoric knee-jerk reaction on october 25th on the hertz news my hunch is yes. if you fill that gap, buy some tesla. if you have tesla now, sell it >> all right cbc

that would be a bit more constructive and then carter had a note out carter braxton from this morning, talking about the xpi he actually sees what tom sees in health care he sees a great technical set-up for a bounce next year so that's what i'm looking at. >> i think it was a relative bottom to the health care sector it is money in 2022 is what carter worth said. guy, you like that you like the set-up for xpi or ibb? >> i do. big cap pharma some of these names have lan languished bristol-myers getting off the mat. look what they have done from 53 to 61. eli lily will take a look at it. so i think big cap pharma is a place to be next year. >>> coming up, jack dorsey dropping some feisty comments when it comes the web 3. first, the chips are ripping higher it is time to dip in when fast money returns. dripping from the ceiling. you never know when something like this will happen. so let the geico insurance agency help you with homeowners insurance and protect yourself from things like fire, theft, or in this case, water damage. now if i had to guess i'd say somewhere upstairs there's a

you know, carter braxton had a note out very bullish on ethereum he thinks it is setting up to a niceout. it's pretty staggering with eth up about 450%. you see eth consolidating here i think what tim was alluding to is a lot of the really interesting stuff in crypto related bloc chain stuff is going on with smart contracts right now. whether it be ethereum or solano ethereum is about 55% of the market cap of bitcoin so there's a lot of people thinking about nfts thinking about ways to unlock web3 defi to me, i find ethereum very interesting. i like to have pullbacks on it because i like to buy more i have a longer term outlook not really trading it. i don't really think of bitcoin that way because to me, it really feels like that digital store of value digital gold and i was never a buyer of the gold, like guy >> we're going to talk about cathie wood in a few minutes, karen, but she did say this morning on squawk that if big, institutional money came into bitcoin over the long-term, it could add half a million dollars to its value >> to each share, coin, rather that's a lot that's cl