quantguy

Bull Flag in Stocks!!

Long
FX:SPX500   S&P 500 Index
Stocks are forming a bull flag at 4432, which appears to be a point of control for the S&P. There is a bull divergence in the Kovach OBV suggesting we may finally see the breakout we have been anticipating for the past few trading days. Stocks are holding a very narrow range, which suggests a breakout is near either way. If we are wrong and stocks break down, then we will have support from 4380, 4364, and 4350.

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