Bull Wedge Breakout for Stocks??

٦ أغسطس ٢٠٢١

Stocks are showing a clear affinity for the upper bound of the range, at 4431. We are seeing a bull wedge pattern with higher lows contributing to a consolidation of volatility. Additionally, the Kovach OBV is picking up, suggesting a bull divergence. We feel a breakout is imminent and the next target is 4462. If we are wrong, watch for support at the lower bound of the range at 4380.