Narrow Range for Stocks. Breakdown??
Stocks are still maintaining a very narrow range at the apex of our Gartley pattern. The fact that they are not inclined to break to the upside suggests that we could be in for that selloff we've been anticipating. Watch the news and momentum in the morning. If there is not much hype backing stocks this morning, and we don't see momentum come through at open today could be the day we see our retracement. If so, watch 4188, or 4144 for support. The Kovach OBV is stagnant, and we have strong resistance from 4224 and 4245.
Join my discord at discord.io/quantguy
Related publications
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.