Bull Wedge Continues in Stocks

Stocks continue to form the bull wedge pattern. The S&P has tested support around 3546, as anticipated. Anyone reading these briefings should have been prepared. The Kovach OBV is still trending upwards, suggesting we may have some propensity to break out. Watch 3632 for momentum if this is the case. Dont be surprised if stocks range for a bit between 3584 and 3632. We are approaching the US holiday of Thanksgiving and gradually the markets will dry up as we near Thursday. If somehow we do get a break down, watch 3483 for support and a potential buy-back.