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Aug 8, 2023 2:34 PM

NYSE FANG+ Index Is In A Five-Wave Bullish Impulse Long

NYSE FANG+ IndexICEUS

Description

NYSE FANG+ Index, which consists of Facebook(Meta), Amazon, Apple, Netflix, Google, Microsoft, Tesla, Nvidia, AMD and Snowflake, we see it still in strong bullish trend with room for more gains within a projected five-wave cycle. Currently we can see it slowing down within subwave »iv« correction that can find the support around 7500 – 7400 area before the uptrend for wave »v« of 3 resumes.
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