Is this a flower spike or new growth on my Oncidium Sharry Baby?

[Orchidtinkerer]

It's defnetely a new growth as the plant is still too small to produce a flower spike. The new growth is good but that will still only make the plant have 2 bulbs and in my experience Oncidiums need a minimum of 3 bulbs before they start flowering. It will be a long thin tube growing right next to the new growth (once the new growth is developed) but only once the plant is big enough.