Stocks saw a huge rally yesterday that brought all the major indexes to new highs. The S&P is no exception. We have cracked 4486 finding resistance just above this level, as confirmed by a red triangle on the KRI. The Kovach OBV was very strong but has rounded off suggesting that the asset is giving pause. We are perhaps due for a reasonable retracement, which may take us to support at 4462. If not, our next target is 4504.
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