quantguy

Stocks Find Support

FX:SPX500   S&P 500 인덱스
After making a run for the 4400 handle, stocks have met resistance at 4431, and have drifted down to support at 4364. Although it is not a market holiday today, it is Columbus day, and thanksgiving in Canada, so watch for lower volume. The Kovach OBV is still pretty strong, so 4364 might be a lower bound for now. If not, we could break down into the previous value area between 4227 and 4364. Otherwise, watch for 4431 to continue to provide resistance.

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