Next Profit Target for Stocks??
Stocks have blasted through our profit target at 4504 making new highs again. Our next profit target is fairly conservative, at 4521, or about 10 points higher than current levels. We should have some good momentum today, as Fed chair Powell's comments on Friday were received as surprisingly dovish. The Kovach OBV is very strong suggesting we may see momentum continue today. If not, watch for support at 4504 and 4487.
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