Healthy Correction for Stocks

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Stocks have retraced to 4306, exactly one of our levels and one we called out in our previous report. This constitutes a healthy retracement and we appear to have a double bottom marked by a green triangle on the KRI. We seem to have support here, but if not, levels below include 4272 and 4245. The Kovach OBV is still relatively strong despite the selloff. If the sentiment is risk on, we could easily rally to 4327.