Stocks Test Highs, Can They Break Higher?
Stocks got a nice lift yesterday, but faced resistance exactly where we anticipated, at 4188. We faced strong resistance there confirmed by multiple red triangles on the KRI. These levels also coincide with highs from earlier in June, so it will take formidable momentum to break through. We are seeing strong support from 4144, and will have further support from 4122, if we retrace further. Watch the vacuum zone below to 4068, then to 4009.
Join my discord at discord.io/quantguy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.