Beyond parabolic: NYFANG mimics August 2020 tech fever

Recall the August 2020 tech mania?

NYFANG has gone beyond parabolic. RSI is at extremely elevated levels. Last time we saw a similar panic to buy tech, and we reached overbought levels, was during the August 2020 tech melt up. Those overbought levels were corrected, but tech took out new highs quickly...and back then there "was" no AI around.