There is a HUGE head and shoulder pattern in the bedrock of the american markets. Many of these tech stocks make up super high weightage on the indices and if they start to selloff..global markets might follow them in a very painful way..
For the longest time FAANG was invest and forget..now they have come off and if this pattern does complete and breakdown the pain could become very real.
Watch this space with extreme caution..I would advise now making too many fresh entries until we see what happens here.
For the longest time FAANG was invest and forget..now they have come off and if this pattern does complete and breakdown the pain could become very real.
Watch this space with extreme caution..I would advise now making too many fresh entries until we see what happens here.
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