FAZ is tanking, safe opportunity to jump on the bandwagon
1) show uniformity (if you don't know what this is, check out my account info)
2) hit resistance than bounce below
either way, FAZ should be shorted.
Not to mention... the is hitting the red trendline. I know the trendline has only been developing for about 2 months but since the price action is so well defined, it's safe to take the signal. Remember, anytime you use an trendline that is not that well developed, there's more risk, but also much more potential reward since less people have figured out this market insight.