After the selloff, stocks are gradually tapering up. There is not a lot of momentum here, it is reminiscent of low liquidity drift in the after market. The S&P will face resistance at 3585 and after that there is a big vacuum zone up to 3634. It is highly likely to see more ranging or a further retracement before we breach new highs again. The Fibonacci levels below present good ideas for buy-back, including 3485, and 3433. The Kovach OBV is still strong, so it would be unwise to step in front of this freight train.


Leave a reply

Your email address will not be published. Required fields are marked *


©2021 Ghost Squawk

Log in with your credentials


Forgot your details?

Create Account