Stocks Stalling for the Moment

23 thg 10, 2020

Stocks are currently in a small uptrend, but will face resistance from 3460. The Kovach OBV is still very bearish, though it has tapered up ever so gently to reflect the lift in stocks. Unless we see some serious momentum here, stocks are likely to continue to range. The S&P will face some serious resistance at 3500, a technical and psychological level. The bond market has registered a serious risk on sentiment yesterday, though currently ghost squawk AI is registering neutral risk sentiment this morning. This suggests a stuttering at opening with no clear direction until more information comes out about the stimulus package or the propaganda outlets give their take on the debates. Keep your eye on the levels in the chart for some potential trades off the levels.