Stocks are recovering from the dive they took down to 4350. We found support here and seem to be forming a consolidation pattern. We've rejected our level at 4421 as confirmed by a red triangle on the Kovach Reversals Indicator. Currently, we are finding support at lower levels, namely 4380. The Kovach OBV has picked up notably, suggesting we may find further support here. If we see momentum come through for the S&P, expect it to test 4421. If we clear this level we should be able to recover highs early next week.
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Join my discord at discord.io/quantguy
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