As in my previous posts I mentioned that 
SPY, 
QQQ and 
IWM typically perform the worst in September. Tech stocks specifically have an average decline of 2.5% in September (as per 10 year average seasonality data on QQQ). A 25% drop is well below my $291 price target on 
META, which has boasted a 110% YTD + return. I think it is due for a slight pull back in the month of September, especially as we enter a volatile period with FED decisions.
I have short targets onMETA at $291 area (as per my chart).
SPY, QQQ and IWM typically perform the worst in September. Tech stocks specifically have an average decline of 2.5% in September (as per 10 year average seasonality data on QQQ). A 25% drop is well below my $291 price target on META, which has boasted a 110% YTD + return. I think it is due for a slight pull back in the month of September, especially as we enter a volatile period with FED decisions.I have short targets on
META at $291 area (as per my chart).Note
Not a 25% drop, 2.5% drop ... Typo **Trade closed: target reached
It hit the 200 EMA (one of the profit target areas), so this trade is now deemed a 'success'.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.