quantguy

Stocks Struggle at Highs

Lång
FX:SPX500   S&P 500 index
Stocks have made a run for highs, but have met resistance at 4487. We are currently finding support at 4463, as confirmed by a green triangle on the KRI. The Kovach OBV has been tapering up, confirming the bull trend, however this momentum still seems paltry with respect to the selloff we saw last week from Evergrande. If we are able to brak 4487, then 4504 and 4521 are the next levels to target on the upside. It seems likely that we may see a retracement, and we should continue to find more support at 4440. There is a cluster of levels around this vicinity, but if these do not hold, 4408 should provide further support.

Join my discord at discord.io/quantguy
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.