Jose Azcarate Creator of the blackFLAG© Futures Trading System (Ex Real Estate Agent)
Today has been a great day to trade futures. The charts tell the story with all equities and oil indices. The Russell 2000, the Nasdaq, the Dow Industrial and the Standard and Poor's 500 Index displayed aggressive multi wave shorting alerts after the open of the U.S. Session. Oil took its time in making the decision to follow. The majors had to lead before Oil followed on the way down.
I follow very few stocks. Facebook is one that I keep an eye on, specially after the 20% drop. Today, Facebook broke an 8 hour chart support line. This opens the door to potentially reach the $150 range before a strong bounce.