FAZ weekly chart presented and comparing last two price run ups to current condition. AO appears to want to go positive. See chart for price reaction last two times this occurred on the weekly. RSI bouncing off 18 month low with harmonics generally supporting a turn soon. Plenty of upward room for the stoch, but it does appear to be faltering a little...
XLF versus FAZ Both completing Triangle Corrective Waves in opposite directions. Indicators supporting a change in direction soon. Not financial advice.
Max Pain level for options expiring this Friday is $35.00 maximum-pain.com Not financial advice.
Walks like a bottom, lets see if it talks like a bottom tomorrow - last trading of day in May. If Wave E and A end up approximately equal Wave E hits the lower Fib. My guess is Wave E won't complete until sometime next week, but you never know. And Woodies CCI getting frisky with a couple recent pops over 250. Look out above FAZ.