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.