Slow low volume summer time trading action for the market.
SPY consolidation over 8 EMA. As far chart setups, slim pickings out there. Take them only on a good intra day setups. Choppy summer trading action for now and not much to do after 1st couple of hours after market open.. Also earning season is here. We will be also watching earning related gap up/gap down for both long and short trades.
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ABUS Tight flag over 8 EMA. Keeping an eye.[/caption][caption id="attachment_50868" align="alignleft" width="800"]
AAP Break out watch.[/caption][caption id="attachment_50870" align="alignleft" width="800"]
ARQL Falling wedge over 50 MA. Bounce watch.[/caption][caption id="attachment_50871" align="alignleft" width="800"]
IQ Has bear flag break look. Will be looking for a quick short on green to red move.[/caption][caption id="attachment_50872" align="alignleft" width="800"]
LABU Biotech ETF looks good for a breakout.[/caption][caption id="attachment_50874" align="alignleft" width="800"]
NVDA Eying for a range breakout.[/caption][caption id="attachment_50875" align="alignleft" width="800"]
VSTM Flag breakout watch.[/caption]
