Could FAS Be Breaking Out?

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It's important to keep an open mind to the markets, even when an insight may be contrary to an existing position. I have a bunch of FAZ right now (double-bearish on financials), but its dopperganger symbol, FAS, looks like it might have done a clean breakout above its descending channel.

A move above 5.90 would be bullish for this vehicle. For myself, my FAZ stop is quite predictable – – 32.56.