Thursday, February 27, 2014

Something About FAZ (long) or XLF (short) Looking Very Interesting

Again, there's a lot of action this week, I'm not going to go through the entire line of timeframes for FAZ, we have some very large (double-base-like charts in 30-60 min), it's the closer timing timeframes that are interesting.

The first 3 charts are all 3 min, XLF, FAS and FAZ, XLF and FAS should look the same, FAZ should be the opposite or inverse of the first two for confirmation. You'll notice it's all this week as well.


 XLF 3 min

FAS 3x long Financials 3 min

FAZ 3x short financials 3 min

FAZ 15 min double bottom

FAZ 60 min double bottom.

Kind of an interesting looking position, FAZ long.

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