Are FANGS Going To Breakdown Soon?

September 01, 2020
Chris Vermeulen
TheTechnicalTraders.com

  • FANG Index may begin to peak/top as RSI Divergence pattern sets up.
  • Dow Theory trend divergence confirmation suggests the end of the “Excess Rally” is near.
  • The VIX moving higher suggests greater concerns of increased volatility.
  • Dow Jones Utility Index moving lower on increased volume may be the key in a multiple-pattern set up that will confirm larger market trends.


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