[isatrader]

$NUE from the watchlist with a Stage 2 continuation attempt. Moving into resistance zone from the prior highs though.

   

---

$AMBA another recent leading tech stock dumping through its 50 day MA.

   

---

$TSLA with an inside day so far on above average volume

   

---

$QCOM showing strong RS and attempting to make the Stage 2 continuation breakout through the Significant Reversal bar that formed the swing high.

   

---

$IPO etf that holds numerous IPO stocks with a potential major sign of weakness (SOW) which would put it into Phase E on the downside (Wyckoff). Which in Stage Analysis is a Stage 4 continuation breakdown attempt.

The weekly chart shows the current Stage 4 decline. But still holding the May support zone so far. If that breaks then could become more significant.

       

---

$ARKK potential for a Stage 4 continuation breakdown

   

---

I've exited open short term positions in $MU, $QCOM & $LCID as the market environment has deteriorated this week. So going to the sidelines for now in the short term account. But no change in my pension account though.

           

---

S&P 500 rolling over at the top of the base. So potentially turning into an Upthrust (UT) in Phase B of the base structure. Still the best relative strength overall of the major indexes.

   

---

Nasdaq Composite moving strongly the below the 50 day MA today. In Phase B of the base structure. So potential for a test of the lower end of the range and 200 day MA.

   

---

$IWM Russell 2000 back below the 200 day MA after failing at the 50 day MA with a small Upthrust at the top of the lower fractal base. Still in Stage 3.

   

---

$IWO Russell 2000 Small Cap Growth etf. Potential for a Stage 4 breakdown attempt after the lower high reversal at the 30 week MA.