This chart says it all. The white-hot move we’re watching in FB is reminiscent of AAPL heading to 700 last year. What that means is: don’t be the first to try and catch the turn.
With the exception of last week’s Friday pin to 34 (a desperate attempt to try and hold the animal in the cage) this thing has been STRAIGHT UP.
It’s almost comical to see the daily win percentages on the weekly calls. But, alas, we know….the tide will ultimately turn. I won’t play it short until I see the familiar candle pattern in FB that precipitates a protracted down move.