Weekly chart shows how FDX is holding its 4 week average (red dotted line). Note 5 WGBs!
Dr. Wish
Fasten our seat belts–extended stocks coming back to support, $FSLY down 35% pre-market
While my short and long term market indicators remain in up-trends, many of the popular trading stocks are bursting air pockets pre-market. $FSLY is the focus now but it is happening to many others. With the exception of FSLY, this looks like a retreat to levels of support. Closes Friday below 4 week averages will signal to me a longer pause or decline. Below is a chart of FSLY showing pre-market decline.
