Tuesday, October 18, 2011

FAZ Request

 Remember the head fake I mentioned, we have a perfect price pattern for it here in the SPY, an ascending wedge-it should through traders off by breaking to the upside first, volume and MACD both look correct for the pattern.


 Here's the same, but opposite on FAZ, already moving toward the head fake zone with a break below first instead of up.

 FAZ 1 min is just starting to reverse.

FAZ 15 min has already done the heavy lifting.

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