Things are looking very similar to how they did in October 2018.
> In 2018 FAAMG fell by 25%.
> If we correct 25% like we did in 2018, it would take us to the lower support of this ascending channel.
> A 25% correction would also take us perfectly to the 100-week MA.
> Bearish divergences are shaping up in similar ways as well.
It's interesting to note the similarities, but of course there is no guarantee we see a fall of 25%.
> In 2018 FAAMG fell by 25%.
> If we correct 25% like we did in 2018, it would take us to the lower support of this ascending channel.
> A 25% correction would also take us perfectly to the 100-week MA.
> Bearish divergences are shaping up in similar ways as well.
It's interesting to note the similarities, but of course there is no guarantee we see a fall of 25%.