As per the classic rules of a trend holding 76 retracements, if FAANG were to break again we'd have a failure of the FANNG uptrend. FANNG would have crossed the level where a correction becomes a reversal.
Very critical level.
Low could be in, from a more optimistic stance. 76s are common levels for lows. However, I think we probably should have made a low and been higher on the first drop to 76. This has more of a bull trap feel to it at the moment.
Very critical level.
Low could be in, from a more optimistic stance. 76s are common levels for lows. However, I think we probably should have made a low and been higher on the first drop to 76. This has more of a bull trap feel to it at the moment.