I spy a short term cup with a handle forming in FAZ. This could be very bullish for FAZ if we get a break above 10.25. If we do get a break above 10.25 with some volume, I anticipate FAZ will follow my blue line higher.
The risk of the FAZ trade is tomorrows reception to the stress test results. So for now I am undecided as to whether I will sell FAZ today or hold.
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