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S&P 500 Index
Long

Momentum in Stocks??

By quantguy
The S&P looks like it has broken out of the pseudo-megaphone pattern we have been watching for over a week now. We hit our first price level at 3928, but we are facing resistance from this level and 3939. If we manage to breakout 3962 will provide resistance next and may be a great price target. From below 3887 and 3867 will provide support. The Kovach OBV has picked up notably, however this breakout looks pretty weak, so be careful.
Chart PatternsDOWEquityghostsquawkTechnical Indicatorskovachnasdaqsnp500StocksstonksTrend Analysis
quantguy
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