If support holds go long otherwise short: simple & sweet.
If the current breakout holds, it may signify the long term uptrend.
A decisive bounce off support line will herald a continuation of the uptrend.
Overhead resitance breakout would herald a continuation of long term uptrend hence basis for good entry point.
Breakout in either direction may be utilized in establishig good entry point.
The renewed vigor in the market averages will help lifting the constituents of this ETF to higher levels.
Simply, that will be determined how FB escapes out of the channel it is entrapped currently.
Momentum in the MA moves has been slowing down. Minimally, it may retreat to the previous resistance level or to the dynamic short term volatility band.
CRM is retesting the 161.20 resistance level for the third time. The short time volatility indicates that it's poised to make an upward stride.
As long as the downtrend persists the breakout of the current consolidation will remain to heading south.