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Stocks Gain Strength

Oleh quantguy
Stocks have rallied, completely erasing the Evergrande selloff. We have rallied back to 4462, finding support at 4440 and 4431, levels we have brought up in these reports. It appears investors are back to risk on mode, and the Evergrande fears have passed for now. The Kovach OBV has gradually picked up, so watch for momentum. If we can break 4462, then watch for 4487 to provide resistance. But after that we can recover the 4500 handle.
Chart PatternsDOWEquityghostsquawkTechnical Indicatorskovachnasdaqsnp500StocksstonksTrend Analysis
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