as u know guys i do not listen to any news im trading technicals. with that said here is where we are now.
we broke 47 thats bad. we havent break 4.6 thats very good, aftermarket FAZ is building flat 46.67 step thats good too.
TA tells me faz will sit in a 46-52 horizontal sidechannel getting ready to jump over 52 to make it back on top SMA50 on the lifetime daily chart, and fuc*kin stay there and build strong foundation at 52 to embark on 70.
with all tricks obamma/gs/ppt may have in their backpockets i do give it some probability that faz may temporarily strike a short needle to 41 just to leave there the dbl bottom mark, technically its possible.
as soon as 41 holds the September-October-November 300-ish long term fiffo target is still there, no change to long term first level of fibbonnachi retracement (and there are more which were on the link to the fibbo chart posted earlier.)
im keeping three faz lots with 58, 59 and 63.5 short term targets for them.
i have to rotate my liquid on 5day schedule, have to shoot at least one bulled per day, so had to shoot it;)
now three lots 4.54; 4.59 from before the r/s and todays at 46.9. nice collection;) we'll see how much farts PPT has left for tomorrow;)