The biggest financial news of the day, on an individual stock basis at least, is the hundreds of billions of dollars of shareholder value that have vanished for META. As your resident chartist, what I find interesting is how powerful the lifetime trendline of META continues to be.
Check out this morning’s historic plunge and how it almost perfectly touched the trendline, immediately finding strength at this level and almost perfectly sealing the identical (albeit bullish) monster gap from a quarter ago.
