RE: RE: RE: Bullish week ahead?Had trouble getting into this board this morning! Stockhouse must have changed settings or something.
I really like the set up for FAZ today, and would have given the heads up earlier if I could get in here!! I believe mkt will pullback here.
Notice $rifin made the double top with Monday (FAZ made double bottom). Meanwhile S&P hit squeaker high. Financials are not supporting this rally any more. Same with VIX. VIX filled it's gap from the 15th, and put in a higher low with a pipe bottom. This is usually a pretty solid reversal sign.
For now I think we should see at least the 50 day MA 1093 on the S&P. Maybe more, we can review as we go.
After this pullback, then FAS is the place to be again. I see a new low for FAZ coming. That will be a heck of an entry (for the crash)!
SC