What is the Best Entry Price for Stocks Today?
Stocks simply can't go down lately, despite pervasive risks in the markets. However, we do appear to be completing the fifth impulse in the Elliott Wave, and may see a correction, albeit a small one, soon. Additionally, we have a head and shoulders forming. Note that there is a big vacuum zone down to 3140. There are some nested Fibonacci levels in between. It seems 3176 may be a reasonable target for a long position. Note that the Kovach OBV has levelled off, while the Chande has dipped a bit, indicating a relief to the bull momentum.
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