My interpretation here is that in the short term (intraday) FB probably has the capacity to move up a bit higher, but on a longer term chart where we see big money make moves, it looks like they are taking profits out now.
1 min, as with the earlier update, looks great, very positive, but this is an intraday timeframe only.
The 5 min looks as it should up until today, the recent intraday bounce toward the highs looks like institutional money is taking profits in this area.
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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