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quantguy
Aug 31, 2021 10:19 AM

Stocks Make New Highs!! Long

S&P 500 index of US listed sharesFXCM

Description

Stocks have broken through our profit target to make fresh highs again. Our previous profit target was 4521, which provided little resistance. Our next target is 4564. The Kovach OBV is tapering slightly, suggesting that momentum may be starting to wane. Additionally, we are starting to look a bit overbought. Knowing this product, we may have another rally in the tank before we can consider a retracement. If not, 4521 and 4504 will provide support.
Comments
Mihai_Iacob
Keep them coming
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