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personally i don't think faz will go much higher than 28 to 29 this pass and it may even make one last new low BEFORE the faz rally gets going.need to c a few more things in other charts BEFORE any of us can say for sure.
however the transports are starting to weaken at resistance.NEXT THE BANKS to weaken THEN ONE by one the BULLS OF THE MARKETS shall start thinking RUN AWAY from market.and with no shorts to squeeze this market could drop very fast out of the clear blue. ANY DAY NOWthere should be a pull back into the 950 to 920 area and one move leg up to 1040 to 1100 ish. SHOULD BEhowever P2 MAY BE DONE AT 1018 as that is plus minus a major 1012 long term PIVOT.