Rick’s Featured Trade Ideas

FB/Short (Internet Content) FB | 2-day chart Evening Star | Head & Shoulder | Broke recent down trend line | Failed T-Line™ | Bearish continuation pattern setting up

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FB | Plan your trade & trade your plan | March 9, 2016
Possible entry plan idea:   Short box $Members Only
Possible stop plan idea:   Cover above $Members Only
Risk Reward 6:1 depending on entry/exit/stop

SPY Attitude:  (T-Line™ > 34-ema Bullish Trend) 
The bullish relief rally stumbled a little yesterday closing down 1.9% on the SPY.  Although closing above the T-Line™, one has to wonder if the SPY and the overall market has run out of energy to push through the major resistance area in the very near future.  Perhaps a slight pullback consolidation would be helpful. The hourly chart has me concerned, formed a bearish ‘h” pattern.
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