S&P 500 IndexLong
Stocks Ripping!!
Stocks have ripped to new highs. The S&P is currently facing resistance at a Fibonacci extension level at 4073. The Kovach OBV has leveled off suggesting that are overbought and may see a retracement. There is a vacuum zone back down to 4009, but 4040, roughly the half-way point may be a nice support level as well. Our next major milestone is 4144, which is also a Fibonacci Extension level.
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