Stocks Continue to Range

Stocks have continued to range, stubbornly refusing our prediction of a breakdown. However the longer they range the higher the probability of a breakout or breakdown. If we see a breakdown, watch 3907 or 3886 for support. If we breakout, the immediate target is 4009. The Kovach OBV is still strong here, suggesting the momentum is there, so it really could go either way at this point.