
In the last six trading days our mechanical models have generated a large number of buy signals on the major market and sector indexes we track
Bottom Line:
The current rally has had a strong internal initiation, strong enough to potentially rise about 300 points off the June low, unless it runs out of steam at the top of the wedge pattern around 1400. Assuming the best case, I think that 1550 will prove to be the limit of the rally, and probably the bull market.
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