FB Update

FB is in a similar pattern as AAPL as far as 3C charts go, not so much the same kind of head fake move, but a very parabolic move with a rounding top and would benefit as a short entry from the same kind of move I would like to see in AAPL as the negative divergence in FB continues to migrate, it is pretty clear though that this was one of the chosen, the 4 Horseman or whatever Cramer calls them, I certainly wouldn't want to be a buyer here with the hype and the way the charts are going. As for timing, there's not much different here than the AAPL post or the last "Futures" post.

FB got a good shot in the arm to support it, that's clear in a 60 min chart.

 FB 60 min chart/positive divergence , confirmation and now a relative negative divergence  I'd take on a FB short before this 60 min chart goes further south, but I'd want to see a little something extra whether migration of the negative divergence or a churning event which I'm wondering if that's not what we've seen this week.

 This is where all new divergences start, the 1 min chart and FB also have that typical Igloo/Rounding top so a head fake or Chimney with good signals would be very appealing and I'll be setting price alerts for any such move as to not miss it.

 FB 3 min migration of the newest divergence leading negative

 FB 5 min also showing a relative and then stronger leading negative divergence in the same area of the rounding/Igloo price pattern.

And the FB 10 min chart. That to me looks like distribution on a parabolic move which has been this market's M/O during this bounce, thus I would take on the trade before the 60 min chart reacts as it may be too late for best positioning by the time it does.