Facebook (FB) now setup to be face planted.

Silly Con Valley, Cali victim #2 now gets added to my crash and burn list. The previous high set earlier today at 158.46 was just breached and FB is now showing as a long term confirmed top. Still no short term sell signal just yet. But this one will be a good choice to short when that signal does materialize as the initial price target is easier to figger out. >>>> 146.61...to be eggzact. I will post an options trade if I am around when the actual short term sell signal materializes.

FB now at 158.55 and I will post that price as my starting point.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=fb&x=59&y=9&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11