Technology overreaction while broader market gains ground

Near-term and intermediate-term technical trends remain bullish for US Equities, but it’s thought that the rally in US Stocks likely will face resistance at marginally higher levels, which might limit the rally to 6500-6600 before some consolidation gets underway. Overall, despite some of the minor concerns regarding Elliott-wave patterns nearing completion, seasonal/cyclical periods of weakness approaching and waning breadth, i...

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