FAS the 3X leveraged Financial long is starting to shape up as well, it was a little later than some of the others, but it's starting as I suspected Financials would start to rotate back in as mentioned in a previous post.
The market needs what I call the "3 Pillars" to sustain any type of significant move, Energy, Financials and Tech.
FAS 1 min, the divergence started later than the other leveraged long ETF's I have mentioned.
2 min
3 min
5 min is just seeing the earlier timeframes bleed through.
And finally 30 min
I don't have any short exposure to financials, one sector I want to add in to strength, although I have a long speculative position in FAS.
It doesn't look bad in this area.
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