Stocks soared yesterday, over 100 points since last Friday’s low. They finally grazed our level at 3375, then retraced a bit. The S&P is currently in a vacuum zone and could retrace back down to 3329, or even 3308, which would make a great level to buy-back. If history is a good reference, we can expect ranging in the longer term perspective until after the elections. The Kovach OBV has confirmed the momentum of yesterday’s rally, but has since tapered off. Don’t enter anything on FOMO, we could see a retracement here to the levels discussed above.

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