Stocks Make New Highs!!

17 Ağu 2021

Stocks saw a selloff yesterday morning but quickly found support, at 4440, which we have identified as a new technical level. This is just above 4431, where we thought we'd see support. After finding support here, we immediately caught a bid sending us smashing through our profit target at 4462, and falling just short of our next target at 4487. We are seeing a red triangle on the KRI at the high, confirming steep resistance, but getting support at 4462 again. We should be able to establish value here at higher levels between 4440, 4462 and 4487.