[isatrader]

$MNDY a strong run since the IPO. Dropping down to the 2hr chart shows that it's in Stage 3 on the intraday, & the current price and volume action is showing some signs of distribution and a series of lower highs. So looks vulnerable for a Stage 4 attempt, but could still spring.

$MNDY the distribution has eased off and it has attempted to spring. So it is looking interesting again.

Watching for a follow through attempt at 380 which would potentially put it into Phase D of the base structure.

           

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$DATS a recent IPO showing some interesting volume, with a significant bar yesterday on the final 2 hour bar as it made a Stage 2 breakout and then closed above $10.

My focus will be on how it behaves relative to the last few days where the heavy volume came in.

           

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Looks like the test is underway this morning in the premarket. So will give vital info on the quality of the spring attempt since Monday based on how it pulls back in terms of price spread and volume behaviour.

The short term market breadth strengthened this week, but the medium and long term measures remain on Defense. So it hasn't ruled out a deeper correction still. So remaining vigilant and managing risk.

   

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Observation day for me as most my current positions are growth related stocks and it is a pullback day for growth after the strong move over the last 4 days.

   

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Just over an hour into the trading day and growth getting hit the hardest so far. Majority of other indexes only off by around -0.5% or so. Energy strongest sector again

   

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$SOFI from the watchlist attempting to follow through from the high volume gap up bar on Wednesday and testing the 200 day MA