The idea is on this FAZ 15 minute chart. This is a ply on the idea that a rate cut may get kicked down the road and a rate increase may come into consideration as a result of the report of "sticky inflation".
Here on a daily chart the ratio of the Bearish Leveraged Financial ETF to its Bullish counterpart is showing to be in a descending parallel channel. The chart is marked with comments about trading considerations of these ratios at a given time. At present, the FAZ is undervalued and should be bought. On the other hand, Bullish FAS, should be either sold if...
FAS is one of the Direxion leveraged ETFs focused on the financial sector. As can be seen on the 15 minute the price action has had increasing volatility in the past month. Increasing volatility is the hallmark of the megaphone pattern ( a megaphone is a cone like hand held plastic device used in the old days before bullhorns and other things to amplify voice...
As the fed raises rates to try to throttled down inflation, the economy and the financial sector suffer. FAZ got its catalyst today in the federal news. It is a bearish fund that will go up while the FAS ETF will go down. On the 2-hour chart, the price can be seen rising to crossover the VWAP anchored a month back. It is nearly crossing over the POC line of...
Looking at this trading range, I've spotted a previous bearish cypher, a current bullish cypher. Price Action has retrace back to the Previous (B) leg of the Bearish Cypher. The Previous resistances, is currently acting as support for the D leg of the present bullish cypher. We can confirm this w/ the bottom of the Stoch RSI. I'm looking to buy put options on...
SInce Reversing at the PCZ of a Bearish Shark WFC has formed a very clear and defined Diamond Structure. I believe that this week we will confirmed a Bearish Breakdown of Structure and the Moving Averages in which that should mark the start of a Volatile Decline to around $20 or even lower.
FAZ weekly chart presented and comparing last two price run ups to current condition. AO appears to want to go positive. See chart for price reaction last two times this occurred on the weekly. RSI bouncing off 18 month low with harmonics generally supporting a turn soon. Plenty of upward room for the stoch, but it does appear to be faltering a little...
XLF versus FAZ Both completing Triangle Corrective Waves in opposite directions. Indicators supporting a change in direction soon. Not financial advice.
Max Pain level for options expiring this Friday is $35.00 maximum-pain.com Not financial advice.
Walks like a bottom, lets see if it talks like a bottom tomorrow - last trading of day in May. If Wave E and A end up approximately equal Wave E hits the lower Fib. My guess is Wave E won't complete until sometime next week, but you never know. And Woodies CCI getting frisky with a couple recent pops over 250. Look out above FAZ.
Finance sector was little bit lagging but now its starting to rise dramatically!
THIS LOOKS LIKE A NICE RISK OFF PLAY TO ME. THERE IS A GAP TO FILL AT $22. COUPLE THIS WITH IMPLIED VOLATILITY FROM THE VIX INDEX AND THIS BET WILL GIVE HANDSOME RETURNS.
Not much to say here except, the Fed and the PPT have done a masterful job at what they do best..."extend and pretend". Cycles analysts indicate that a crash window is in August. EW analysts also see the overall picture remaining bearish. Reality seems to underscore that as well. This chart may fit the August crash projection.
We have artificially propped up market condition with high prices and low volumes on any matrix. Financial sector is not untouched by it. Recent rally in financial sector feels more like a speculation than value investment. But we're all allowed to speculate so power to all market participants. However the rally calls for pullback and there's a easiest trade...
I see no reason why anyone would short this unless they are the market maker looking for a better entry price to flip long. Everyone else, it will either go up from here on, or at the very least it will bounce back to this price from any dips. This is a relatively quick trade only, long term moves do not work on these leveraged Etfs. Tighten trailing stop more...
I think that was the perfect long term bottom going into the October 2021 Monster Low in markets
FAZ Baby... Let's Get some legs!!! The perfect buy call???