Stocks are ranging at highs. We do anticipate another run for ATH's soon, but it is highly likely we will see a retracement first. The levels 3758 and 3737 are great levels of support. The Kovach OBV has flat-lined, which suggests that momentum has run out. This is not a very good sign especially at highs. The S&P is stretched like a rubber band and will snap back unless we see some pressure somehow come through today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.