Stocks Take a Dive
Stocks took a dive breaking past relative lows at 4521. We are currently testing support at 4487, but this appears to be hanging by a thread. If support does not hold, expect the S&P to test 4462 or 4440. The Kovach OBV has turned over with the selloff, so unless momentum can pick up, we should be able to hit those levels. If we see a run of bull momentum instead, then our target above is 4580.
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