Stocks to Rebound this Week?? 📈💸

16 thg 5, 2022

Stocks have gotten support from the $3900's and have recovered the 4K's. We broke out past 4009, to come just short of 4068, before meeting resistance confirmed by two red triangles on the KRI. Currently, we are pulling back a bit, but still seem to have good support at 4K. Asian shares crumbled yesterday off extremely weak retail sales figures, so be mindful of this going into the US opening. If we fall further, we should see support in the 3900's again. If not, we may be seeing an inverse head and shoulders pattern forming with a neckline at 4068. If we break out from there, we could easily test the 4100's again.