quantumaffected

FAZ Musings on Extend and Pretend PPT Craftwork.

Long
AMEX:FAZ   Direxion Financial Bear 3X Shares
I can't help but understand this delayed continuation of the drop in financial markets from the perspective of unprecedented Federal stimulus. It seems overnight, the futures markets are getting gunned up by the Federally funded algorithms. This creates huge gaps artificially pushing the markets up in one of the longest bearish ascending wedges we have seen. FAZ has responded accordingly by these manipulations, and keeps leaving technical patterns that are symptomatic of stock prices reaching a boiling point or precipice. The bank stocks appear to be on a razor's edge of indecision within this overall bear market trend. One can only imaging that the deeper they push the balloon under water the higher and faster it will eject to the upside. This is how I see FAZ at the moment.
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