Another Tech Stock in a Short Setup, Facebook To Fall

Like Good and TSLA, FB is also in a short. Like many of the Tech Stocks, it has broken the 61.8% fib line and have retraced up to the 78.4%. The current setup is similar to the highs of the year . . . we are at the beginnning of the end of this deadcat bounce. Failure to go straight up from here will usher in lower prices.