Breakout Near in Stocks?? 👀🚀📈

22 Mar 2022

Stocks are forming a bull wedge pattern and appear to be gearing up for a break out. We did see some volatility at relative highs around our level at 4487, which could indicate a top. We are also seeing several red triangles on the KRI to suggest resistance here. However, the Kovach OBV is still strong despite leveling off a bit. Watch for momentum at open to confirm a breakout. If so, 4521 is the next target. If not, 4408 should provide support.