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MICRO NYSE FANG+™ Index FuturesMICRO NYSE FANG+™ Index FuturesMICRO NYSE FANG+™ Index Futures

MICRO NYSE FANG+™ Index Futures

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FNGM2024 trade ideas

Potential Breakout in FANG Towards 8800Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The index FANG (FNG1!) has been in a rangebound price movement after hitting resistance around the 7400 price level in mid February 2021. FANG held support at 6050 and made a second attempt to break above 7400 in mid July. After that failure the index quickly found some support around 6800 and is heading towards that 7400 resistance level. Expectations are for a break higher in FANG, with that target being 8800. Technical Indicators FANG is currently above its short (25-MA), medium (75-MA) and long (200-MA) fractal moving averages. The RSI is above 50 with the KST in a positive zone. Also over multiple other timeframes, the technical indicators are signaling a buy. Recommendation The recommendation will be to go long at market. Stop loss will be set around the 6000 price level and a target of 8800. This produces a risk-reward ratio of 1.36. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in FNG1!.
ICEUS:FNG1!Long
by Ceddy86
FANG+ Index: All US Fang Stocks Likely ToppedHello traders, The NYSE FANG+ Index, which constitutes: Tesla, Nvidia, Alibaba, Baidu, Twitter, Facebook, Apple, Amazon, Netflix and Alphabet, have in my work, topped. In particular, those of which are US-born names. Some may get closer to their current ATHs than others, and others may consolidate in a B wave more than others, but overall as a general trend, many of them have reached their complete and total top. A lot of people were angry at my Tesla call where I accurately predicted that the top was reached and it will begin to crash - this deemed to be correct and spot on. Since then, many people on TradingView have copied my Tesla chart almost identically with different colours now that they have already seen a significant demise in the technicals of the stock. This is not the time to be taking risk and artificially believing large-cap US tech can "go up forever" otherwise you will get burned in the next half year and several years beyond. Trade large-cap tech with extreme caution. This risk is not just limited to FANG stocks - but also - stocks like Peleton, that have soaring valuations; that are totally unrealistic, unsustainable and unachievable. -zSplit
ICEUS:FNG1!
by PaulDeep19131
8
FANG: SUPERHERO HEAVEN OR HELL? This is the like the most powerful index on earth! From end of March 2020 to first week in Sept 2020, FANGS appreciated ~140%. If a trader had the right bottle, $1 could have become $34,000! This is just the mathematics. (Note carefully - this is an educational post, not a trade. I have not traded this nor do I make any claims. Trading in *derivatives in this index or any other, can multiply the value of $1. See disclaimer .) The FANG+ index is one to watch for everything else. It rules the world, of stock markets and influences several currencies (USD, NZD, AUD and JPY). This is where the big boys play! So - will the superheroes save the world? I don't know. There has been an important and sudden correction of this index. Stay tuned. Disclaimers : Leveraged trades and *derivatives are highly risky instruments. This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
ICEUS:FNG1!Education
by Captain_Walker
FANG Index Points to Further Tech Downside Hello traders! I continue to expect another significant wave down in world equities as per my consistency across my ideas. While it may not happen all at once, the main trend is one more wave down to at-least test the gaps across virtually every index/ETF/stock from March 24th. While the level on March 24th should bring about some support when we close the gap, ultimately, that level will fail even if it takes an additional few weeks, several weeks, or a month. US tech still has room to fall and in my opinion, will not be a buy until the FANG index essentially succumbs to eliminating all or most of its 2019 "gains". 2019 was the supposed year of a continuing bull market, multiple expansion and more gains. Clearly, that is halted indefinitely. With negative earnings , alteration of supply chains and simple the fact that consumers have no savings nor the money to buy lucrative items, the fact is, US tech will eventually be a buy, but not yet. The NASDAQ-100 will likely fall an additional 10-15% from the current lows we set not too long ago. Certain stocks that are heavily overbought and still overvalued will likely drop a further 15-20% from their lows. Be careful that we may see a bit of a rally (again) at some point as a bull-trap followed by a subsequent sell-off a month later. This will be a typical ABC correction with another wave down. NOTHING moves straight down. The market is mostly controlled buy algorithms - not by retail traders individually buying. - zSplit
ICEUS:FNG1!Short
by PaulDeep19131
6
FNG1! ShortThe support and resistance levels coincide in an uncanny manner with the Fibonacci retracements. Once again, the price was rejected off of what looks like a mini double top and has already (almost) made it to the support level. We may see a bounce to form what appears to be a triple top or a brief overshoot as the negative divergences on the PPO and RSI get extended further. Although I am putting in a short sell recommendation right now, it would be wise to wait for earning season to end and perhaps even wait for the Federal Reserve to cut interest rates. I believe this event will act as a 'sell the news' trigger where no amount of QE and lower interest rates will convince anyone to buy when a recession has essentially been confirmed. For this trade it's recommended to use SQQQ and/or FNGD with stops below the recent lows on those leveraged ETFs. Again, I strongly advise to wait and be patient till the end of the month or at least set your stops even lower and gradually scale into your position.
ICEUS:FNG1!Short
by BigMouse777