Dead Cat Bounce in Stocks

28 сент. 2022 г.

Stocks caught a massive bid, breaking through highs, and finally met resistance at 3737. The Kovach OBV has picked up substantially, validating the pivot. It is likely this rally is transient and we will retrace back to lows or support around 3645. But if we can break through 3758, there is a vacuum zone until the next target at 3792. We can expect 3800 to hold as an absolute ceiling for now.