US leading company: FedEX will make its top-out Formation after this coming wave C-sub-4 correction (down to 113.71 ). The top-out area will be 146.29---150.25 ( as Major-C = Major-A ). Then it will be plunging into a total Fib. 38.2% correction area: 92.39 because of volume divergence. Therefore short term view is SHORT, and mid term view is LONG and long term...
With momo stocks selling off, look for other leaders to follow.
Been on a tear. Need some time to work out divergence. Another MACRO call.
FDX reverse now with low volume and it will face support @ 113.30 i think the stock will resume the uptrend direction forward 120 Min , i would suggest FDX 18 Oct Call strike 120 @ 0.64 now
$FDX. The daily candles of this brand new effort may allow for a little upside action this week. With the gap right there though, it could so easily slip slide into "book rate." Sincerely, Beauty