Stocks completely reversed direction yesterday as the Fed came in with more historic stimulus. We are currently seeing some support at technical levels. It looks like a bull flag is forming. The Kovach OBV has reversed confirming the bull trend, but the Chande has dipped suggesting this may be the dip we get before another rally. Watch out for a squeeze before that. The S&P has rallied so much a retracement is reasonable before picking up steam again.

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Stocks have rallied significantly yesterday, off of intervention from the Fed.

1 Comment
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