This looks like the most meaningful attempt for FANG stocks to break down vs. the S&P 500 this year.
For the first time in exactly 12M, FANG stocks have pushed below their 50DMA in relative terms.
Notable RSI divergence since July.
Something to keep an eye on. pic.twitter.com/aJXSGkZMQu
— Julien Bittel, CFA (@BittelJulien) November 11, 2020
#recession … #StockMarket #Bubble edition t.co/S2cYxSB0HE
— Invariant Perspective (@InvariantPersp1) November 11, 2020
#recession … #StockMarket #Bubble edition t.co/rhLj6aCvCJ
— Invariant Perspective (@InvariantPersp1) November 11, 2020