Technical Analysis for Stocks
Stocks appear to be establishing value in the lower 4300 handle. We have support from below at 4272, and are facing resistance above at 4440. The Kovach OBV has completely flattened out, confirming the indecision. Currently, it appears we are making a run for lower levels, so watch 4272. If we are able to break this, then 4228 is the next target. Beyond that, we have 4214, then a vacuum zone to 4188. If we catch a bid and are able to break 4440, then 4487 will be the level to break before 4580.
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