Stocks Edge Up, but Face Resistance
Stocks are incrementally ticking up, with the S&P 500 gradually testing higher levels. We are currently testing 3825 or so. Multiple red triangles on the KRI suggest that we are heading into resistance. The Kovach OBV is gradually trending up still, but we will need to see more momentum come through if we want to test relative highs at 3925 or so. If we retrace, we expect 3714 to hold as a floor price.
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.