Stocks Find Support

Stocks have found support at 4350. The S&P has drifted up, and inched above 4389, but does not seem to have enough momentum in the tank to test the 4400's yet. If we see a lift at open, 4408 will be our next immediate target. After that, there is a cluster of levels in the low 4400's, that will next provide resistance. The Kovach OBV is bearish, but has started to pick up. If the sell off continues, we will find support again at 4350, but if this breaks, 4327 and 4306 are the next levels down.
Chart PatternsDOWEquityghostsquawkTechnical Indicatorskovachnasdaqsnp500StocksstonksTrend Analysis

Join my discord at discord.io/quantguy
Also on:

Related publications

Disclaimer