In today's trading session, we witnessed a significant divergence in market behavior. While 
SPY and 
QQQ experienced notable downturns, 
META demonstrated resilience by adhering to a crucial support zone. This is further emphasized by its rebound off the bottom of the current uptrend channel, forming a 2-1-2u reversal pattern. This pattern could be indicative of a potential shift in market sentiment, especially with the upcoming NFP data release. Traders should keep a close watch on META for possible trend continuation or reversal signals. Chart attached for detailed analysis.
SPY and QQQ experienced notable downturns, META demonstrated resilience by adhering to a crucial support zone. This is further emphasized by its rebound off the bottom of the current uptrend channel, forming a 2-1-2u reversal pattern. This pattern could be indicative of a potential shift in market sentiment, especially with the upcoming NFP data release. Traders should keep a close watch on META for possible trend continuation or reversal signals. Chart attached for detailed analysis. 
Tracking chart Setups like meteorologist track Storms.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Tracking chart Setups like meteorologist track Storms.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.