Top charts are the S&P, Nasdaq and Russell stocks above the 50DMA, below is the indicies themselves. Notice the divergences. The amount of stocks above the 50 are declining while prices moved higher. May lead to lower prices. Just something to keep an eye on until it gets itself worked out.
If we do we do get a pullback in the S&P, these would be my levels of interest. They coincide with fib retracements. I would look to see if bullish price action occurs in these areas and wait for conformation.
PTON, lots of low volume consolidation. Remember Ive mentioned that I love a sharp move lower to take out stops and shake out the weak hands. Looks like we may have got that. Arrow marks it. Still watching. Alerts are set.
Semis dont look bad. Actually look pretty good. I like the way NVDA looks. Nice volume candles. Clean break. Im in NVDA and have added to the position. Gonna hold as long as possible, but not afraid to cut.