After FB made a capitulation move to the downside we saw some positive activity, some got long and made some quick money with options on this small run, but I suspected from the start that this was not a big enough base to accomplish much of anything and we'd likely be coming back down to likely form a bigger base in FB, thus far it looks like we are on track for that.
15 min leading positive
a 60 min leading positive at the second low.
I'm not thinking that we are about to see lift off, but I am thinking we will. I might consider starting to build an equity long in FB, I'll wait a bit more and see what comes of these long term positive divergences. I'd really like an options call, but I don't think we are there yet at least today.
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