Stocks Hold Critical Levels

The S&P 500 has faced a relentless selloff, with Fed expectations, troubles in Europe, and high inflation continuing to impact the economy. We have broken through all support levels in the 4100's, except for 4122, the last level before the vacuum zone below. After that, there is a vacuum zone to 4068, then 4009. The Kovach OBV does seem to have picked up a bit despite the fact that we appear to be hanging on to 4122 by a thread. If we can muster a pivot, then 4188 is a likely target.