Retracement Near for Stocks?

16 мар. 2021 г.

Stocks are bullish, but their trajectory is waning. The Kovach OBV is still strong but has been leveling off. This is usually an indication that we will get a retracement soon. The level 3738 seems to be providing some resistance and we won't be able to break through without some significant momentum. If we can, the 4000's are in sight and 4009 is the next target. A retracement here could be swift and take us to 3887 or even 3867. The neckline of our inverse head and shoulders should provide further support at 3848.