Power Plays Update: Exit META
September 3, 2024

By Scott Redler

I am exiting Meta (META) from Power Plays here.

This stock has not been able to sustain any kind of rally, and it's broken down into the danger zone.

If things get worse, it could gap much lower, making any kind of exit plan useless.

SPY also broke $555, which means the upper range is broken, and the market is back in downside discovery mode

So I'm going to be very careful from here.

-Scott

Scott Redler Positions Disclosure as of 2024-09-03 at 3.07.23 PM