long over 72.80 here on a break out in price $XLF $FAS $FAZ $TTFS
HIdden divergence on 30, 60, 90 min chart
Hidden divergence on three time periods. Price unchanged, but RSI divergence down in an up trend and just coming off support -> buy signal. TP 72.10, but could go higher RR = 1.25 Shorter TP, could have entered Friday about 90 minutes before close, with better RR. Back testing shows RR 1.25 to 2.0 with entries 3-4X/week. Only check chart 3 times a day with this method.
Expect FAS to fall further (hold a range between 60/62.5) until a week before the FOMC meeting and then break out the triangle ro bull
AMEX:FAS , shows a rising wedge pattern, which is break at the end to change the prior trend, finally after a pullback. The Parabolic SAR indicator support the trending change.
Seasonally the worst month for stocks.
More cash available for stocks buyback. Just be careful. Only get in at formation of handle.
When FAS crossing US$ 35. Look the story ... since 2013