Update FNM.. notice how FNM is having a rough time staying above 69.50. You could have gotten some off a morning bounce bounce above 69.50 or shorting the spike high @ 69.73ish. True to the chart, you can't say that FNM has broken out as its shortable in the 69.70 area for a bounce off rising 20 ma (hoping for the rising 50)down to 69. A 2-trend play set up on 5-minute chart: sell or buy set up in this CONSOLIDATION zone. There are cheaper trades.
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