Saw some horizontals, place a fib w/extension, just so happens FAANG reached a which just works for a reversal. Price closed Monday (3/16/20) at the 50% level in the original trading range
Relative to the prior 2 years FAANG is still the strongest and may be due to the excess of cash reserves ( AAPL 200B+, AMZN 50B+, FB 50B+, etc) and limited debt financing. Wouldn't be surprised if these firms acquire targets at a faster rate than already had been.
From a trading perspective, markets are too volatile to want to enter.
From an investing perspective, these firms are cheaper than they were and have been whilst outperforming on the decline ( S&P down 29% from peak, QQQ down 25% from peak, FAANG down 23% from peak). --> Dollar cost averaging may make sense