Stocks are consolidating at highs around 4389. We do appear to be seeing a double top at this level. However we have strong support from current levels at 4364. This could be the consolidation of volatility preceding another breakout. If so, our next target is 4408. If we are wrong we have a few levels of support from below, separated by comparatively large vacuum zones. Watch 4350, 4327, and 4306 for support. The Kovach OBV is still pretty strong, but has started to taper.
Comment:
Boom!! Stocks test support at 4350, exactly as mentioned in the report above!! 😎
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