Probably time to short $FAS here at $175.60.
All the banks and large brokers have topped out. Just look at the weekly chart of $IYF—it's basically a neon sign flashing SHORT ME.
We're already short $MS, but we need to add $FAS short exposure before the close today. The setup is screaming.
All the banks and large brokers have topped out. Just look at the weekly chart of $IYF—it's basically a neon sign flashing SHORT ME.
We're already short $MS, but we need to add $FAS short exposure before the close today. The setup is screaming.