After a blow-out earnings report, so far traders have faded nearly all off of the gap in FB (Facebook Inc) with the stock now trading back down around the bottom of the rising wedge pattern. Since yesterday's post-earnings pop in the after-hours session, Facebook has given back nearly all of the 9%+ gains so far. FB is still on watch for another possible short entry. At quick glance, it looks like a solid move below 122 might provide an objective short entry but I'd like to confirm that with some of the near-term sell signals in the broad market that I'm watching for on the intraday charts.
Facebook: The Big Fade
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