The morning sell-off put in a higher low, while momentum registered a lower low, so I was looking for a "Slingshot" setup.
The green arrow is where I considered buying (close above the 20-EMA). I didn't buy here because, well I guess I'm a dope. The stop would have been either below the lows of the day, or perhaps a bit higher. Either way, it would have given us a Risk:Reward of 2R.The green horizontal line is my daily support pivot.
For some longer term perspective; the daily shows a somewhat range-bound market on decreasing volume and momentum. No surprises here.
The Weekly is sporting three consecutive NR7 bars with the slightest of bearish momentum divergence.
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