Meta Platforms Inc

  • META

  • $552.73

  • -2.26%

  • $569.52

  • $570.00

  • $552.40

QUANT_RATINGS
Granny Shots

Ticker Appearances

Thu, October 31, 2024 | 12:01PM ET

⚡ FlashInsights

Thu, October 31, 2024 | 12:01PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
^SPX -0.42%  has shown more damage and has undercut last week's lows. However, here also, price has not shown sufficient deterioration yet to think that the index has peaked out. There very well could be a relief rally into US Election given AAPL -1.33%  AMZN -2.01%  META -2.26%  earnings on deck which provide a bounce, but one that ultimately proves short-lived around mid-November. Ideally from an Elliott-wave perspective, SPX could make a minor new high into November and then began a decline into late November, technically. For now, as this chart shows, there looks to be ample technical support, making this morning's decline a probable good risk/reward for traders to bottom today or tomorrow for a push back higher, which might be led by large-cap Technology
Tickers

First Word
Fri, October 4, 2024 | 7:45AM ET
Tomlee
Tom Lee, CFA AC

Head of Research

Sept jobs report - upside vs 150k consensus better. Watch the VIX to sense when Oct "iffy" period ending.

VIDEO: We are watching the VIX to get a sense when the "iffy Oct" period might end, both VIX falling below 17 and VIX term...

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