Don't sleep on the health sector during this pull back, I believe it is in the sweet spot of offering value and is a safe haven.
I have not added this position as a traditional safe haven as it is a 3 X leveraged bullish position....so it does come with higher risks.
That being said, I like the standard pull back here and that the 200 Day MA is aligning with the 0.618 Fib, just at $118
A hold at this level or above and we could see more upside and a move up to the blue line at $149 next.
Alex
2024-10-07 19:11:46 +0000 UTC