FB has made a new high despite the pandemic. Given the cut backs in advertising by businesses, they should report quite badly come the next earning season, which should take its price tumbling down again. If FB fails this resistance it could tumble back to support at 180 which is a 20% fall.
Read MoreNasdaq has recovered the best out of the broader markets, DJ30 and SP500. It looks like the tech index is peaking, and MACD showing divergence. However this isnt validated by RSI showing divergence. It seems Nasdaq will make a “new high” in the midst of the pandemic.
Read MoreGold has had its breakout above 1700, and should continue to rise. Which does seem to contradict a rising market – since gold is generally supposed to have a negative correlation with the markets. However we can see gold seems to be moving in sync with the broader market. I imagine we will see moving shifting from equities into gold and...
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