With the news of the consumer confidence coming out this morning. there is a possible set up.
The Ratios are good and we still have to respect the down trend that the market is still in on the 1H.
The Red dotted line is the low, and above is the high.
is up in the over sold area. Look for Divergence of .
Be careful of possible whip-saw. Look to enter after news is released and the dust settles.