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$META Finds Strength at Key Support Amidst $SPY, $QQQ Downturn
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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Tracking chart Setups like meteorologist track Storms.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.