Stocks have solidly broken new highs in the overnight session. It's rare to see such momentum on a Sunday night. We are in new territory, but there is a fibonacci extension for reference at 3417. Another Fibonacci extension suggests resistance at 3429, which is very close. If you have not entered this trade, wait for a pullback before going long. Both Kovach Momentum Indicators are solidly positive, suggesting there is some serious meat to this rally. Just don't FOMO into a top. When the Kovach Chande dips and the Kovach Reversals produces a red triangle, you can consider that as a heads up that a pullback is near.
Join my discord at discord.io/quantguy
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.
Join my discord at discord.io/quantguy
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.