FB is about the only FAAMG that I don’t have a good read on so take the levels on this daily chart with a grain of salt. It should, however, rally up somewhat in sympathy with the rest of the lot, assuming that the Q’s have more upside in the coming weeks. Potential targets are those 2 recent reaction highs around 224 & 237 with a max bounce target of 245ish. G-luck.

Just glanced the fertilizer stocks & I agree, they look toppy. NTR triggers a short below 93 targeting 77ish; IPI on a break below 57.25ish down to at least 48; CTVA down to 52.65 & then 49.65 from here (near-term uptrend line break) but best to wait for those first two to break down. Thx for pointing out.

I don’t believe so. Too many variables, essentially a formulation based on put & call buying, that goes into the price of the $VIX & not a direct correlation to SPY.