quantguy

Stocks Edge Up, but Face Resistance

Short
FX:SPX500   S&P 500 Index
Stocks are incrementally ticking up, with the S&P 500 gradually testing higher levels. We are currently testing 3825 or so. Multiple red triangles on the KRI suggest that we are heading into resistance. The Kovach OBV is gradually trending up still, but we will need to see more momentum come through if we want to test relative highs at 3925 or so. If we retrace, we expect 3714 to hold as a floor price.

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