$FB wasn't able to break through the neckline earlier this year. Since, up/down trends have started at 1 week early on, and have since created trends lasting 3-4 weeks long as of late. May was down overall, reaching what looks like could be the bottom of a recently established trend. Might be little more room for downside, but could the ensuing couple of weeks...
Seeing short term downtrends in $SPY last couple of weeks. How long will it last is the question... My estimate is until around the beginning of August when it meets the bottom of its trading range for the last year or so.
