Stocks Picking Up, Will They Breakout??

Stocks are maintaining the broad range we disucssed yesterday, although they have picked up slightly and are tending toward the upper bound. We will have resistance at highs, and are already seeing some red triangles forming on the KRI indicating some that we are currently facing some resistance. We do appear to have good support from 4693, but if this does not hold, we should see further support from 4649 and 4632. The Kovach OBV is quite flat, so we anticipate this broad sideways correction to continue until some momentum comes through.