We hit a new low since my last post, but we are back up over the previous 52 week low. I am still suspicious of that new low invalidating the trend structure indicated by the bull flag pole in March 2020. I blame it on the fact that this ETF is leveraged and also because it is a basket of currencies so it will express a "distorted" and "exaggerated" price structures. In other words, it is not going to yield the cleanest technical patterns. The economy is only getting worse, and within the next few weeks, the US is expecting a record number of retail and restaurant bankruptcies. This is horrible news for banks, and no, this is not going to be a "V" shaped recovery. Therefore, I do not believe the stock market (albeit manipulated) will resume a bull trend. This is why the "new low" in FAZ is not convincing. The banks are in very troublesome waters, even with market bailout now money free flowing again. Everything is heading toward the "Great Reset" which is a nomenclature now entering into the cultural vernacular.