#FB Bias Update and Levels for Monday, September 14, 2015

Tweet #FB Bias Update and Levels for Monday, September 14, 2015

For me FB is back to being dead/boring money and seems to always be while trading above 88. However regardless of being boring FB has definitely been one of the strongest &/or did not have much bearish follow through compared to most stocks during the most recent market sell off/pull-back.

Post FOMC rate decision I will have an eye on Daily center Sigma which is also last week's value area low (VAL) at 89.30 to help determine a bias and the potential for continuing higher to the +3Sigma target at 99s/100s once/if first getting above the 93.60 target and then also above 95.40.

If failing to hold above Daily center Sigma the next area which must hold is 85.50 otherwise -3Sigma becomes a potential target at 79s.

Ethan Premock

Futures & Options Strategist Hamzei Analytics, LLC

#FB OTF Long Trade Update:

Tweet #FB OTF Long Trade Update:

Yesterday (4-29-15) I went Long FB at the low 80s target that I have been mentioning/tweeting since Sunday (4-26-15). The low 80s was the bottom of the OTF server channel which OTF confirmed while holding below 83s. Once I engaged in the FB Long I posted on twitter (@mocktrade) that my first scale target was at 81.15 then at 82.30 and 82.80. I am still holding 2/3rds Long while above the bottom of the OTF chart’s Lower Band or while above low 79s.