We are in a massive market correction and it's time to pay attention.
What stands out to me is big names are down 50-60% from their ATHs, but the FANG stocks are much smaller percentage drops.
Except for facebook of course.
Amazon also at its lowest weekly RSI in a long time.
Pretty tense times and hard to buy with more carnage looming, but when trying to stay objective its hard to go past those weekly RSIs at 30 or below as very high probability bounce points.
What stands out to me is big names are down 50-60% from their ATHs, but the FANG stocks are much smaller percentage drops.
Except for facebook of course.
Amazon also at its lowest weekly RSI in a long time.
Pretty tense times and hard to buy with more carnage looming, but when trying to stay objective its hard to go past those weekly RSIs at 30 or below as very high probability bounce points.