We're in the area where I'm looking to nibble on longs.
I'm almost not even looking at price levels. I'll almost only be watching for momentum technicals to flatten or turn up. At least the MACD histogram to put in a pink bar.
My process is less concerned with what prices of a stock or index are doing, & more with how they're doing it.
This revisit of the August lows is doing so with less selling pressure and momentum. This dip will be a better buyable dip than the August ones I was buying.
I'm almost not even looking at price levels. I'll almost only be watching for momentum technicals to flatten or turn up. At least the MACD histogram to put in a pink bar.
My process is less concerned with what prices of a stock or index are doing, & more with how they're doing it.
This revisit of the August lows is doing so with less selling pressure and momentum. This dip will be a better buyable dip than the August ones I was buying.