Stocks remain range bound by 4431, but it looks like we are forming a bull wedge with the upper bound just south of this level. Levels from below have been holding for over a week now at 4380, and we are currently seeing higher lows, and consolidating volatility. Price action seems to be consolidating around 4408, which appears to be a POC. The Kovach OBV is flat for the moment. Ideally, we would have a bull divergence here to anticipate a breakout. If we are able to break out from 4431, then 4462 is our next target. If not 4380 should continue to provide support.
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