Bearish Rising wedge pattern on modified FAANG #FANGMANIA $FB $AMZN $MSFT $INTL $ADBE $NVDA $GOOGL $NFLX $AAPL
FANGMANIA RSI divergence once more
Fb just broke out of the resistance that had been holding it back since October 30th. Bullish Volume is greater than the Bearish volume, which is a good sign. if it manages to hold this new support level around $180, it is a good opportunity to go Long as long as it stays within the Upward trend channel(orange trend lines)
Tesla, which has a lot of investor interest with big pocketed people, is down 10% in 2 days. Money velocity all time low, so are retail sales. Fed raised rates for the first time in 10 years, and they don't look like they are going to stop.