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Momentum Stalls As U.S. Stock Market Nears Caution Zone

Momentum Stalls As U.S. Stock Market Nears Caution Zone

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A number of stock market indices have seen 4% to 6% rallies off our MOB and Ellipse price support areas outlined last week. Both the S&P 500 and Nasdaq 100 have reversed from overhead MOB bands, and I expect to see a bit more weakness ahead.

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