Stocks Test Highs, Can They Break Higher?

9 Ağu 2022

Stocks got a nice lift yesterday, but faced resistance exactly where we anticipated, at 4188. We faced strong resistance there confirmed by multiple red triangles on the KRI. These levels also coincide with highs from earlier in June, so it will take formidable momentum to break through. We are seeing strong support from 4144, and will have further support from 4122, if we retrace further. Watch the vacuum zone below to 4068, then to 4009.