Breakout Soon for Stocks??

6 lug 2022

Stocks are wavering holding the range from the previous week. We are maintaining the value area between 3758 and 3848. The Kovach OBV is drifting upward, suggesting there is a bull divergence which may suggest a breakout is near. If so, 3937 is the next target. If we break down, we should expect support at the lower bound of the range at 3758, but if that does not hold, then 3694 would be a good candidate for a lower bound.