Stocks ranged at highs yesterday. The S&P is forming a very narrow range with a point of control about 4188, one of the levels we have mentioned many times here. The Kovach OBV is very strong, suggesting that a breakout is imminent. Since we are at highs, there is a risk for a retracement, which could take us back to 4144 again. If we are able to breakout, 4214 is the next target.
Trade closed: target reached:
Stocks broke out and hit our profit target exactly!!
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