{"id":24587,"date":"2023-05-09T10:01:30","date_gmt":"2023-05-09T10:01:30","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/the-fang-keeps-marching-on\/"},"modified":"2023-06-25T19:08:53","modified_gmt":"2023-06-25T19:08:53","slug":"the-fang-keeps-marching-on","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/ms\/the-fang-keeps-marching-on\/","title":{"rendered":"The FANG Keeps Marching On"},"content":{"rendered":"\n<p>Good morning Traders!<\/p>\n\n\n\n<p>Better the expected earning results for big tech saw the <a href=\"https:\/\/www.fxglobe.com\/the-fed-and-the-fang\/\" data-type=\"post\" data-id=\"24494\">FANG index<\/a> continue to march higher.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">FANG Index<\/h2>\n\n\n\n<p>The Daily and the Weekly charts are now in a confirmed uptrend, while the Monthly chart has broken it\u2019s downtrend as it printed a <a href=\"https:\/\/www.investing.com\/indices\/nyse-fang-tm\">Higher High<\/a>. <\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"13589\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/fang-w-1-1024x456.png\" alt=\"\" class=\"wp-image-13589\"\/><figcaption class=\"wp-element-caption\">FANG W<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"13599\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/fang-m-1-1024x457.png\" alt=\"\" class=\"wp-image-13599\"\/><figcaption class=\"wp-element-caption\">FANG M<\/figcaption><\/figure>\n<\/figure>\n\n\n\n<p>On the Daily and the 4hr charts, the <a href=\"https:\/\/www.fxglobe.com\/unraveling-market-trends-a-guide-to-reliable-tools-for-traders\/\" data-type=\"post\" data-id=\"28243\">market<\/a> is currently overextended from it\u2019s Moving Averages, and I am looking for a pullback to release some of this buying momentum and for price action to catch up with it\u2019s averages.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-2 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"13609\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/fang-4h-1024x452.png\" alt=\"\" class=\"wp-image-13609\"\/><figcaption class=\"wp-element-caption\">FANG 4H<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"13619\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/fang-d-1-1024x458.png\" alt=\"\" class=\"wp-image-13619\"\/><figcaption class=\"wp-element-caption\">FANG D<\/figcaption><\/figure>\n<\/figure>\n\n\n\n<p>The area that I am eyeing for the pullback is around the 6200 level, this area acted as support before the market broke through it and closed above it, it is also a round number which could add weight to the strength of the level.<\/p>\n\n\n\n<p>Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning Traders! Better the expected earning results for big tech saw the FANG index continue to march higher. FANG Index The Daily and the Weekly charts are now in a confirmed uptrend, while the Monthly chart has broken it\u2019s downtrend as it printed a Higher High. On the Daily and the 4hr charts, the [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":23909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"FANG Index Continues Marching On | %%sitetitle%%","_seopress_titles_desc":"Stay updated on the relentless march of the FANG index. Explore its growth potential and trading opportunities. Essential insights for traders.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-24587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/posts\/24587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/comments?post=24587"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/posts\/24587\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/media\/23909"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/media?parent=24587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/categories?post=24587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/ms\/wp-json\/wp\/v2\/tags?post=24587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}