Stocks Edge Up

Stocks are edging up, currently testing 4487. We are seeing a red triangle on the KRI indicating some resistance here. If we are able to break through, then 4521 will be the next level where we anticipate resistance as it is a relative high. We anticipate 4580 as a ceiling for now, as this is yet another relative high. The rally looks weak and the Kovach OBV has barely budged. Thus a s selloff is highly probable. If we do see a selloff, then 4364 should hold as it is a relative low.