Stocks Slammed!!

٧ أبريل ٢٠٢٢

Stocks got slammed yesterday, as we anticipated, retracing from relative highs at 4632, back to 4462. This is a relative low, which has provided good support at the end of March. The Kovach OBV has dipped notably. We should have strong support at 4440, if 4462 breaks, but after that 4327 is the next major level of support. If we are able to pivot off current levels, we must first break 4580, then 4632 again before considering higher levels.