Stocks Try to Avert Third Straight Day of Losses
Stocks have started the week flaccid, but have found support at 4327. We got a bit of a lift to 4364, but are likely to hold the range until more inflation data comes out. We have a cluster of levels above which will likely prove to provide resistance, such as 4340, 4389, and 4408, particular relevant level. The Kovach OBV has actually picked up a bit, suggesting a bit of a bull divergence. However if we break down past 4327, we will have encroached upon the range between 4272 and 4327, a previous value area.
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