quantguy

Best Stock Trading Ideas in this Rally

Long
FX:SPX500   S&P 500 Index
Stocks have made new relative highs again. They seem to have paused in between the last level and 3357, the nearest relative high, forming a new technical level at 3329. The next level above, 3357, will serve as the next milestone for the S&P to break. The Kovach OBV is not nearly as strong with this stock rally as it is with safe havens, such as gold and bonds. It would be advisable to wait for a pullback, rather than entering via fomo at highs. Watch 3308 and 3293, or even 3283, a Fibonacci level and technical level.

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