Volatility in Stocks
Volatility has permeated stocks, but it does appear that 4440 is a bottom for now. We have attempted a 50% Fibonacci retracement of the selloff from highs, falling just short at resistance at 4487. We appear to be attempting to establish value in this broad range, and are currently testing support at 4464. The Kovach OBV is somewhat oscillatory, but appears to have bottomed out for now. The 50% Fibonacci level at 4492 will provide resistance, but after that, the next major level is 4505.
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