FAZ Bear Leveraged Financial Economy ETF Long
As the fed raises rates to try to throttled down inflation, the economy and the financial sector
suffer. FAZ got its catalyst today in the federal news. It is a bearish fund that will go up
while the FAS ETF will go down.
On the 2-hour chart, the price can be seen rising to crossover the VWAP anchored a month back.
It is nearly crossing over the POC line of the intermediate-term volume profile.
These are both bullish moves confirmed by a dramatic increase in trading volumes perhaps
4-5X of the moving average volume.
The overall picture is a long trade setup either with stock or strategic but more risky
call options which could 10X.
suffer. FAZ got its catalyst today in the federal news. It is a bearish fund that will go up
while the FAS ETF will go down.
On the 2-hour chart, the price can be seen rising to crossover the VWAP anchored a month back.
It is nearly crossing over the POC line of the intermediate-term volume profile.
These are both bullish moves confirmed by a dramatic increase in trading volumes perhaps
4-5X of the moving average volume.
The overall picture is a long trade setup either with stock or strategic but more risky
call options which could 10X.