META is rangebound; 675 suspected as range top due to hype-driven movement; iron condor held.

So, Meta's been a choppy mess, right? If you go back and look at Meta, Meta hit an all-time high over a year ago. So, if you bought Meta last year over the summer, you're still down.

If you bought it um last February, you're still down. If you bought it last April, you're still down.

But if you, you know, strategically try and surgically take things out and look for an active sequence, well, if you had your computer programmed right here, went below 567 and reclaimed it.

So from 686, you know, this was your your action area. Then it gave you a day of followthrough. So maybe your bot would have even held that. Gave you a third day. So three days now into the 200 day.

Maybe you want to trim some. So you you're buying a red dog reversal. Maybe you're adding day two. Day three you trim. If you trimmed on into the 200 day, maybe you bought some back.

It held the prior low. You sold some and then gapped up. So this sequence has been going on for nine days. So nine days of decent action.

I'm seeing some meta puts here. These Meta puts are about a half million bucks in premium on this. That's interesting as Meta trades up to the intraday high from yesterday. That's right about 66. Oh my god. I'm sorry. That's right about 668.

Meta calls getting bought. Meta, this actually looks like it might go for 676 here. B is open. Uh selling initially after hitting 623. That's the current high. If it comes back in, we're going to want to see, I'd say 550, the 550 area, uh hold up.

Uh it might not even get back down there, but if it does, that's the support that I see from this current position here.

Looks like it's going to go higher. Trying to put in some new highs now. 638 current high and selling choppy.

I mean, Meta Meta is Meta is going higher here. Here's the impulse move, pullback, uh VWAP move higher. uh getting extended here though I'd say if we don't get some resistance you know right about uh the 690 area you know 685 to 690 I I believe the u this is going to 700 and then reversing because this is getting pretty extended it's already over 73 RSI

So, it looks like we could uh come up to 700 and then uh see some selling. Now, I'm not saying it's going to come all the way back down to like 520 or anything like that, but I think because of how it extended is on the daily, you're just going to see some selling that maybe takes it down to I don't maybe back down to 650.

I don't know exactly where, but I think 700 you're going to run into some resistance and it is it is certainly high RSI.

one area of resistance that I was just talking about with Neta just look at the last couple of times uh you could even include today last few times where this has run up and run into resistance and then turned around.

So up in that uh 685 to 690 area you've got uh some sellers that are you know cashing out or you know pulling this thing back down. So if we get through that, I would consider that a bullish uh move through the uh uh you know area of resistance that we just identified and that could lead to higher prints.

Now when you combine other indicators with that like the RSI, that's where I'm saying well this may come up to that level and maybe even 700 and then uh sell off a little bit because there would have to be some cooling.

But that uh 675 to 6 uh or whatever or 680 to 690 area that I said that ends up becoming a support level once that's uh recaptured as a u uh after providing resistance. And generally you want to see several days of it trading above that to really establish its supporting.

But uh once you get that uh uh that crossover then it it changes you know the viewpoint of of of the uh of that level.

And then the other thing for as far as like levels go, like just using the exact same example that 13 was doing, but kind of looking at these downside, like look at the price action here, right?

It comes into this area, bounces, comes into this area, bounces, does it again and again. And if you just put your cursor here, all of the different peaks are at different levels exactly.

But what tends to matter is the actual action here. So I'm just kind of looking at this. This 552 looks like a very decent support area for Meta. I might even extend that and say 550 to 552 based on the price action here actually looks like a support area.

We looked at meta earlier, so that one might work. Meta I think is still rangebound. I do have the iron condor sitting in this space. Right. Again, take a look. Look at how well, especially if you look at the earnings candle and then you watch the price breach and if it's above an upward sloping five on the weekly, it gives us that buy zone right into the resistance pockets up here at 675.

I suspect this is the top of the range because I think Meta is moving on social media hype. There's just a lot of people pumping whatever that stupid AI they have is called.