Still Looking For Consolidation

Scans today seem to point to a bit of consolidation or pullback over the next few days. Tech has been strong but it needs a rest. The most bullish scenario here would be to start seeing some sector rotation as profits from tech’s recent run are reshuffled into some of the underperforming sectors. This hasn’t happened yet, in fact we haven’t yet seen much profit taking in tech. There will be stocks that continue to go up over the next few days, but determining which ones have the highest probability to do so is stunted without some consolidation.