FAZ

FAZ remains in a Stage 4 decline with persistent lower highs and lower lows under a downward-sloping EMA regime. Price is extremely oversold, trading at the 52-week low, but is pulling back into the declining short-term EMAs. Given the Speculative strategy, we will Trim into rallies in the 9/21 EMA resistance zone rather than selling into oversold extension.

• ↑Provides 3× inverse daily exposure to U.S. large-cap financials
• ↑Amplifies returns during financial-sector pullbacks from rising rates
• ↓FAZ down 9.9% over past 10 days, signaling bearish momentum