Stocks are currently bounded by 3632, which is the Fibonacci extension level from Fib levels we have anchored last week. Stocks look like they are building pressure for a breakout. The Kovach OBV looks pretty bumpy but appears to be gathering steam. Broadly speaking, it is looking pretty bullish. We may see a retracement before the breakout, so be careful. If we see a retracement, 3547 seems reasonable. At this point we would be forming a proper bull wedge pattern, assuming that dip was bought back. If we are able to break out, stand by for new levels as the next Elliott Impulse wave begins
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