Stocks Cling to Lows

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Stocks are clinging to 4389, a current relative low corresponding to relative highs from early in March. We made a brief attempt at higher levels, testing 4463, but this appears to be the upper bound for now, unless stocks can muster the strength to break out. The Kovach OBV is looking pretty weak so this is unlikely unless momentum picks up. If so, 4462 and 4521 remain our targets. If we break down from current levels we should see support at 4327.