Fannie Mae-No Politics (FNMA)

[bmp152]

Nice work John. Look how eerily similar the chart pattern is on this gap-down/consolidation as compared to what happened in March/April. If the chart is at all predictable, we can expect about 14 sessions of sideways action prior to the run upwards. Puts us around July 9th or so...about a month ahead of earnings. Maybe a slow climb to the end of July and then breakout?

Edit: looking at it closer, more like 24 days of sideways action on low volume, putting us to Jul 24th. About 2 weeks prior to earnings.