I closed half of a full size position in FB on the pop higher, I'd consider adding half of that back on a pullback to about break even on the day-yesterday's close.
FB 15 min longer term chart
15 min chart up close
The 1 min chart shows the profit taking and shaking the weak hands loose that we expected in FB, now there's a decent positive divergence from yesterday on
The 2 min leading positive
A close look at the 2 min in to today's weakness in price
The 5 min leading positive from a relative to a leading divergence
A closer look at the 5 min, I'd want to see a little pullback in FB and I'd probably add half of what was closed for now.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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