ETFC updates and my expectations

As mentioned before, the gap up with negative divergence have induced a measurable correction on ETFC from above 2 to as low as 1.69 to date. Below are my expectations on ETFC:

• If it can not stands well above 1.80, it will test the 1.69 support
• Once 1.69 is broken down, I expect ETFC will come to 1.50 level again
• If 1.50 can not hold it, then 1.25 is the next retreat target
• The key is 250MA should level out and finally level UP
• I really don't expect it will come back to below 1.15 level, if so, which is very unexpected, then the big trend reversal as initially called here in ETFC is gone.

Previous analysis on ETFC and other stocks can be found here.