Last Chance to pick up FAZLooked very closely at everything in great detail this weekend and extremely comfortable here. It is possible that the mkt rallies a bit tomorrow, but it has already failed and just backtesting. 100% sure. My pattern shows the possibility (but not necessarily requirement) of a rally at this position, but just noise and it will fail very quickly. Mkt will see that mini crash this week. Already the mkt passed the point of no return and cannot go back now. Everything crystal clear with multiple patterns.
First bounce should come around 1130 SPX, then another drop to 1095 area early Dec. FAZ $15.90 looks good. This is going to shock people how fast the mkt drops, and those bullish now are going to be calling crash in Dec. That is when I plan to go long a bull ETF. I'm looking at the bull ETFs now to see which will be the best bang for the buck, not FAS for sure.
This choppiness is a nuisance but best to just sit tight here and stay the course imo because I don't want to take any chances missing the large move that is coming next.
SC