$TMO is showing a potential 2-1-2 bearish continuation.
$UNH is showing a potential 2-1-2 bearish reversal with an inside shooter candle.
$XBI, which is a biotech ETF, is showing a potential bearish 2-1-2 continuation on the quarterly chart. Because of this, I will be looking at biotech stocks for a short.
$SRE is showing a potential 2-2 bearish reversal with a strong shooter candle. Lots of room left within the quarterly magnitude giving us a strong risk to reward ratio.
$SO is showing a potential 2-2 bearish reversal on the quarterly chart. There's a lot of room between the bottom of the candle & quarterly magnitude.
$NEE is showing a potential 2-2 reversal on the quarterly chart with a very high risk to reward ratio.
$XLY's quarter ends with an inside shooter that may lead to a 2-1-2 bearish continuation. Because of this, I'll be looking to short Consumer Discretionary stocks.
$XLV is showing a potential 3-1-2 bearish reversal on the quarterly chart. Because of this, I'll be looking to short healthcare stocks.
$XLU is showing a potential 2-2 reversal to the downside on the quarterly chart. Because of this, I will try to find actionable signals on Utility stocks.
The third quarter of 2022 is complete and the $SPY, $QQQ, $DIA, & $IWM are all showing bearish shooter candles. Because of this, I'll be looking for shorts throughout the market until a reversal shows itself.