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quantguy
Oct 9, 2020 11:33 AM

Stocks Magic Higher Long

S&P 500 index of US listed sharesFXCM

Description

We anticipated a bit of a squeeze first, but stonks go up. At this point, we should see a correction to lower levels before they continue their ascent, but we live in a clown world with inflated values fueled by fed magic. The Kovach OBV has not grown commensurately, so it would be unwise to jump in at the top of this rally. Wait for the S&P to pull back, however hard this may be. The 3400 level seems like a great entry point. For now, watch 3450 and 3484, where it is currently hovering.
Comments
VincePrince
There are some important projections, I agree with it, thanks for sharing.
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