Stocks Press Lower
Stocks pressed lower as we anticipated yesterday. The S&P 500 was hanging on by a thread yesterday at 3825, and sure enough, support caved, and we were able to test lower levels. We crossed a vacuum zone to find support at 3758. We currently appear to be finding support there, confirmed by a green triangle on the KRI. If support does not hold here, we anticipate 3658 or 3645 to hold as a floor. If we are able to rally, then watch for resistance at 3825, with 3937 a likely ceiling.
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