Risk-on groups are slowly improving. Bounces are getting stronger, especially in the stocks that held up well during this corrective wave.
Here’s today’s standout:
Intel Corp $INTC is currently exhibiting a Squeeze Score of 93.
Here's what the chart looks like:
Intel is coiled in a tight VWAP pinch pattern within the context of a year-long reversal base. Volatility on the Strazza Indicator is compressed to mult-month lows.
A breakout from this tactical coil could be the spark needed to complete the larger structural base.
If offensive leadership returns, the names that held up best during the selloff are likely to lead the next advance.
