How Low Will Stocks Go??

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Stocks have retraced back to 4389, which is a technical level and relative high back in March. The Kovach OBV has retraced significantly, and we have blasted through several levels to the down side. Current levels are good candidates for a pivot, and if so, 4462 and 4521 are the next targets. If we keep collapsing then we should see some support at 4327.