WB, Qs formed small coil formation on 5m and a triangle on 60m while supported by mid TL on daily after retracing 61.8% of the Monday sell-off. Hence, as you said, we should get a directional confirmation during the next couple of days as you said.
It is showing positive divergence on 60m which is not a good news for bearish bias even though we have consistent negative divergences on daily/weekly showing slowing upside momentum after rallying 15-20% from the Jun-Jul low.
Not sure what you are saying re OEPM? Just kidding? But as I observed it during the last couple of years, it is helpful, maybe I will include a comment on the subject as I do market comment, just need to find more time.
wrt $HGX, my favorite housing stock is TOL, DHI and KBH -- i.e. bigger volume -- with a note that the housing index and individual stocks are not always in sync, as you know.
greenstreet mentioned $HGX.
Please do inform me your approach and favorite stocks or sectors.
Have a nice weekend,
Best Wishes
