Can Stocks Break Out??

Stocks have been struggling to find footing in the wake of Russia tensions. As we mentioned before, stocks found support at 4272. A green triangle on the KRI confirmed the support here. We are currently attempting a bit of a pivot from here, with 4364 providing resistance for now. We are seeing a (rather messy) inverse head and shoulders type pattern here with a "neckline" at 4364. If we are able to break out from this, we will surely see resistance at 4440, then 4580. The Kovach OBV still is not convinced of any bullishness at this point, and is remaining at lows for now.