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Preferred Stock EFT (PFF) created a bullish downside wick at support in the above chart at (1).  It looks like a test of the flag/pennant breakout!  This ETF is not considered an aggressive play, yet it does have a nice yield, at the time above 7%!

Game Plan….Be an owner with a stop on a break below rising support

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past