I'm seeing a lot of buy set-ups on the weekly charts ... among the 20 or so that I've spotted, I'll only feature the ones that I think hold the most popular interest: Biotech (represented by the XBI) and Apple (AAPL).

Risk-reward in the XBI is around six times off the weekly, but day traders should be able to reduce their initial risk very quickly once in the position.

Apple's pattern is a bit more complicated and the minimum expected risk-reward (at the $120 target) isn't great off the weekly low, but if it got back to $140, that would be nice.

If both of these set-ups fail, then you'll know we're in for a "bear market" and you should adjust your expectations accordingly.