Indeks S&P 500
Panjang

Best Way to Trade the Stock Rally

Stocks are hugging all time highs, narrowing down about 3396. They have consolidated quite a bit suggesting a breakout is imminent. Thus it is imperative to watch what they do around this level and at opening. It could go either way, we could have a breakout, since Ghostsquawk AI is registering some very risk-on sentiment this morning. If it doesn't, 3375 (short term), or even 3357 (longer term) are reasonable targets to hit before again gunning for highs. It could hit either of these levels and still be in 'bull mode'. The Kovach indicators are very strong here, though the OBV has flatlined very recently, but its previous strength suggests there may be enough in the tank to punch through ATH's today.

Penafian