Stocks are ranging at highs. There is a divergence between the price action and the Kovach OBV. This suggests that the momentum just isnt there and a correction may be in store. We should see some support at 3759, a technical and Fibonacci level. Also 3739 and 3695 should provide major support. The next target after current highs is 3856, a Fibonacci extension level
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.