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S&P 500 Index
Long

Stocks Poised to Breakout!!

By quantguy
Stocks have broken higher, toward the upper bound of their range at 4214. We see increasing proclivity toward these higher levels suggesting that we are gearing up for a breakout soon. The Kovach OBV however is pretty flat, and seems unfazed by the move, so watch for resistance at highs. We will have support at 4188, 4178, and 4172. Our next price target is 4228.
Chart PatternsDOWEquityghostsquawkTechnical Indicatorskovachnasdaqsnp500StocksstonksTrend Analysis
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