Stocks have made new highs, yet again. We anticipated a retracement, and still feel one is due. At this point, 3737 will provide support. The next level of support will be 3714. The Kovach OBV has been trending up but it does not look quite as strong as other times when stocks have rallied. There is no reason to be fearful of a bear market yet, but certainly a pulback is due and should be considered a buying opportunity.
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