Stocks Continue to Dump!!
The S&P has tumbled further to lower levels. We have broken a key level at 4073, and is currently in the middle of a vacuum zone that was created by the huge rally in stocks in April. We do appear to be finding some support at 4045, as suggested by the green triangle in the KRI. If so, this will constitute a new technical level. The next level of support is 4009, which is quite further. The Kovach OBV is extremely bearish, and the Kovach Chande has also dipped, suggesting we are in oversold territory and a short position might be FOMO at this point. However, it may not be a good time right now for a long position either, as we could easily test 4009.
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