FAS and FAZ remain in their ranges. No surprise there. No catalyst, no rocket move. FAZ could be a bargain below 50 or maybe it's just doomed to go lower in this downtrend. FAS could be setting up for a bullish move to 15 and beyond, but the news out of Europe and the US regarding this systemic downfall is far from done. But I remain all cash.
Another pennant formation? Still perched on a ledge
and not very promising - as it usually is before takeoff.
Range narrowing, 50 becoming thin ice
Unable to sustain momentum
No direction in sight, 13 still there for the taking