FAS Chart Request

I'm going to update all timeframes for FAS (Financial Bull leveraged 3X)

 The 1 min chart remains negatively divergent. There may be some institutional distribution here or via specialists to keep FAS from prematurely reaching $24, as the $24 Calls have the highest open interest-perhaps it's being pinned for OPEX today?

 Moving into the longer intraday timeframes, things start to look a lot better. You can see 2 areas of accumulation, both at the lows on the 5 min 3C chart.

 The 10 min chart confirms what we see on the 5 min and is also in a leading positive divergence.

 The 15 min chart again shows more confirmation of accumulation at the lows and a leading positive divergence.

 The 30 min chart is where it gets really interesting, this is a very strong 3C chart in an important timeframe. It also happens to be in a leading positive divergence.

 And finally the 60 min chart (the most significant of the intraday charts) is looking very strong with several areas of accumulation. This is one of the reason I'm thinking that after the options are pinned today, we have a fairly reasonable chance to see a significant bounce. Many of the market averages look the same.

This is a daily chart of FAZ (the financial bear 3x leveraged) and as I pointed out last night, this is ultimately where I want to be.  I'm excited about the prospects of playing a bounce in FAS , but ultimately the disposition of the daily chart of the Bear ETF shows the path of least resistance looking at the longer term, meaning after a potential bounce in FAS, I want to be looking for an entry in FAZ as the market overall is in a very bad place. A Bounce is one thing, but the overall trend will ultimately be where the real money is. I just don't want anyone to be confused about my position-short term I'm bullish financials for a bounce, but longer term I'm bearish financials for the continuation of the trend after  bounce.