Stocks Ready to Break Out??

Stocks have gained strength and are currently hugging highs. We seem to be facing some resistance just under our level at 4431. We have been seeing a sideways corrective pattern for over a week, so perhaps it is time for stocks to make another move. Watch for support at 4408 and 4389 if we reject current levels. Our next target remains 4462 if we are able to break out. Watch for momentum at the open for confirmation.