De-Fanged?

Quite the past few days we’ve had, eh, boys? Here’s the FNGS, which tracks the FAANGS part of the tech stocks. I perceive this as a double top.

I would add that the symmetric triangle on the /NQ will go down, if this works out, as one of the great retracement tops of all time. This is textbook. All it is has to do is follow through.

As such, for the first time in my life, I have gone long FNGD (the leveraged bearish bet against the aforementioned stocks).