Fannie Mae (FNMA)

[Chaser13]

While still Bullish overall today we have some resistance / wall at 2.40 for FNMA and 2.42 for FMCC. A little bit of volume going up would be needed to take them out. So we seem to be in a holding pattern at this juncture. Will we build upwards as SCOTUS nears or will they take another run at driving it down for anther nice trade? Either way it really doesn't matter. If it goes down than it's a buying opp. If it goes up it's a giggity opp. All good as May is 3 days away and that is the LAST full month before a SCOTUS decision. Of course it could come in May but with our luck it will be one of the last cases published.