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S&P 500 Index
Long

Best Stock Trading Ideas in this Rally

By quantguy
Stocks have made new relative highs again. They seem to have paused in between the last level and 3357, the nearest relative high, forming a new technical level at 3329. The next level above, 3357, will serve as the next milestone for the S&P to break. The Kovach OBV is not nearly as strong with this stock rally as it is with safe havens, such as gold and bonds. It would be advisable to wait for a pullback, rather than entering via fomo at highs. Watch 3308 and 3293, or even 3283, a Fibonacci level and technical level.
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