Russia Tensions Hit Stocks

Stocks have tanked off Ukraine/Russia tensions. We were holding the value area between 4462 and 4580 last week, but have smashed through the lower bound of this range and have reentered the value area between 4272 and 4440. The Kovach OBV has dropped significantly, but appears to be leveling off as the S&P 500 clamors to find support. A green triangle on the KRI signifies some support around 4364 or so. If we continue the rout, then 4272 should be the lower bound. If we pick up momentum, then 4440 and 4462 are the targets to watch.