Headwinds for Stocks

Stocks have caught a lift of lower levels as we anticipated they would. The level 3241 is a nice lower bound for the S&P at this point. It has since rallied, passing by many technical levels in the process, and is currently testing 3329. The next level is 3343. It is likely that we will see a bit of a retracement here. This may be a good place for a short scalp in the very short term. If you are looking to get long, it may be a good idea to wait for another dip. The Kovach OBV is still very bearish and it does not look this recent rally was able to budge it.