quantguy

Best S&P 500 Trading Ideas

Long
FX:SPX500   S&P 500 Index
Stocks are ranging at highs. There is a divergence between the price action and the Kovach OBV. This suggests that the momentum just isnt there and a correction may be in store. We should see some support at 3759, a technical and Fibonacci level. Also 3739 and 3695 should provide major support. The next target after current highs is 3856, a Fibonacci extension level

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