FAZ - Financial Shorts - Finishes @ 4 HR 500 Hull
Will sell mid-late 2021
This chart corresponds to the third chart of the post "SPX - We are facing a Bear Market?"
This chart corresponds to the third chart of the post "SPX - We are facing a Bear Market?"
Lots of intraday pivot lows that will trigger strong sell-off today if price starts to breakdown.
long over 72.80 here on a break out in price $XLF $FAS $FAZ $TTFS
After nearly a decade of growth in the stock market, many believe the "bubble" will soon pop. With trade wars between the US and China looming in the shadows, we may be seeing a reversal in the near future. This stock, FAZ, is a 3X inverse ETF of the financial index. At the height of the 2008 crisis, this stock hit highs of over $100,000 per share. As the market...
Chart is fairly self explanatory. Target on the HVF has been met and price action now looking toppy with dollar collapsing. Financials need to retrace to 23.5 at the very least, although would expect more depending on rate hike narrative
The Financial Sector The following ETFs are related to the Financial Sector. The ETFs track different sections of the financial sector as noted. There are many more ETFs in financial subsections for the USA and international equities. Included for each ETF are the symbol, the total Assets Under Management (AUM), the Number of Shares in circulation (Shares),...
This is usually a bearish pattern. The big trade is to wait for a breakout to either side. A short position can be opened here with a stop loss above the descending line. I will open a long position in FAZ (3x Financial Bear) at the market open this AM.
The Trump rally has the financials arguably overbought. Interested on people's take on the rationale behind price tag of these financial stocks. FAZ provides a great opportunity to profit from a selloff.
negative divergence in XLF chart. will get FAZ calls
I have zoomed it, but its a big bearish signal. First target 56.28
Track this pair...and set alert at 4.20/4.30 for big reversal