If FB opens in the 'green zones' I will be more bullish than bearish. If FB opens in the red zones, I'll be more bearish than bullish. I expect a small gap up on FB. Not sure what happens but $85 is a strong support and we do have a put sale over earnings.
If FB doesn't open in one of these zones/pivots I'll be more patient personally and likely FB will be yawnsville for another few weeks.
Earnings are out. FB is gapping into my 'no no' zone. Meaning, it's a bullish gap (For sure) but there's a lot of resistance here. I think it will be a high wave candle tomorrow and a lot of traders will take some profits. I MIGHT fade FB tomorrow.. If you have shares AMAZING covered call location and time.