Stocks sold off a bit from highs only to get swiftly bought back up again. We found support at 4327, but quickly bounced. We have been anticipating a more significant retracement, perhaps down to 4272 or 4245. If the S&P regains momentum, then we should hit our next target at 4380 perhaps today. Broadly, the Kovach OBV is extremely strong, but has leveled off a bit reflecting stock's ranging at highs.
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