Stocks Make New Highs!!
Stocks have broken through our profit target to make fresh highs again. Our previous profit target was 4521, which provided little resistance. Our next target is 4564. The Kovach OBV is tapering slightly, suggesting that momentum may be starting to wane. Additionally, we are starting to look a bit overbought. Knowing this product, we may have another rally in the tank before we can consider a retracement. If not, 4521 and 4504 will provide support.
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