SPY in consolidation mode between 8 and 20 day moving averages.
This is the stage where some extended stocks will rest to create new base and new setups , while others will take turn to run up. Focus again will be individual socks . Our "IPO momentum" still working so IPO play still in focus until they no longer works.
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AAXN Shake and bounce over 20 MA. Looks good to have another run.[/caption][caption id="attachment_50218" align="alignleft" width="800"]
INSP IPO breakout watch over 37.[/caption][caption id="attachment_50219" align="alignleft" width="800"]
LASR Tight wedge on this recent IPO. Keeping an eye.[/caption][caption id="attachment_50220" align="alignleft" width="800"]
PVTL Setting up again here. Watching back over 29.35.[/caption][caption id="attachment_50221" align="alignleft" width="800"]
QD Potential short squeeze candidate. Over 10% float short.[/caption][caption id="attachment_50222" align="alignleft" width="800"]
SB Setting up for a breakout on all time frame.[/caption][caption id="attachment_50223" align="alignleft" width="800"]
SE Shake out to test 20 MA then huge volume bounce. Should breakout to all time high.[/caption][caption id="attachment_50224" align="alignleft" width="800"]
TSG Breakout watch over 38.50.[/caption][caption id="attachment_50225" align="alignleft" width="800"]
ZS Setting up for a breakout again.Watching back over 42.7.[/caption]
