MaxNewman

MaxNewman

FB is in a channel

MaxNewman

FB needs to hold 52-55 range...any poke below 55 should see a quick response back above. Otherwise this pushes to 45 area.

MaxNewman

Simple analysis of JCP's chart over past few years.

MaxNewman

Good chance we break the wedge to the upside and test upper end of balance and high of bracket. There will be significant divergence and late stuck longs if we get here. Smart/big money took lots of profit from 50-86...they are likely looking for better long location around 1590 and below. Sellers could come in early around 72 again. Sellers could come in right...