Stocks Press Higher

8 de jul. de 2022

The S&P 500 is trekking up gradually, testing higher levels. we have solidified the 3800 handle, and if momentum continues, we could easily break through to the 3900's today. However, the bull rally does seem labored, with multiple red triangles on the KRI confirming resistance. We should see strong resistance at 3928 or 3937. A rejection could take us back to lower levels with 3737 a likely floor. If we are able to break out then 4009 is a likely target.