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[/et_pb_code][et_pb_text _builder_version=”4.8.1″ _module_preset=”default”]Alright folks, today we’re taking a look at f l footlocker. Not even sure if these still exist inside the malls anymore. But anyway, we are trading at 4657 or close 4657. Now one and a half percent today, and we’re looking at an area that we may want to set or being long at, and that’s going to be right around in here at the 43 quarter to 4350 level. I’ll show you why. So if we take our fib tool, take it all the way up to this swing high that we made in May. We see our 50% retracement in 618 is right around here between that 42 and 37 area. But aside from that it’s also an area of structure that we’ve identified as this is an area that consolidated and caused outages caused us to break out to new highs. So what I’m watching for on the daily chart, you see I’ve already getting bullish divergence signals right here, but we have a pretty decent trendline that we are respecting. And again, I do want to see us come down here into this area first, before we consider nibbling to the long side. Now we may not get a retest, or a trade back here into this 42 half 42 quarter area. But ideally I’d like to see that coupled with our bullish divergence buy signal in that trend line break for a move back up to $61. [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
