Looking to the financials for setups now that we are entering the bear months, and fed has announced rates will go up.
None appeared on the scan so I defaulted to tech.
Not interested until it breaks the upper trendline.
I feel like I'm trying to pick bottoms, but I have had some success doing so. Hard to stop when it's working.
Monthly trendline up from 2002 lows comes in at around 7!
Monthly trendline down has been broken to the upside and has held
But fibonacci expansion 0.61.8% from last two moves up are both just below 14
If price breaks below 13.8 again we may see 100% fibonacci expansion level from last move - at least!
This is just above 12
So: buy between 14 and 10.5 (100%...
