Big resistance zones for FAANG stocks

Let's check in on FAANG. It's been a bit of a ride since we last spoke about them.

We're now at macro levels for trend decisions. If we're in a net bear market, we should see signs of it soon. We should be somewhere inside of the 7/8th of the rally (Highs maybe in, but maybe some false starts and spike outs).

If we were to get bearish trend continuation, based on the time of the first leg and the time of the would be correction, it would be unlikely to see the net bar move end anytime within the next 3 years.

We'd currently be trading in the last hoorah of the bull market.

META:

Trades at the 76 zone and is in the area where we either tend to see a real bull breakout or a bearish reversal. Big risk zone here for META.

AMZN:

AMZN broke the 161 of the topping swing, capitulated to the 220 fib and has now bounced back to the 127. Classic things in bearish correction into continuation.

Also this is a local 76.

AAPL:

May be completing a wave 5 spike out. If that's what's happening, we should break the 2020 low in the correction.

GOOG:

Trading a the 76 resistance.

NFLX:

Followed the same pattern as AMZN in the 161 break, 220 hit and 127 retest.

All of these patterns have their explained failure levels. If these levels fail, strong up momentum is likely. Certainly not a spot to be careless as a bear - but if these rallies get rejected, it could be the start of a very bad time for bulls. Major market decisions to be made soon, I think.