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Encountering headwinds

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Seasonal and cyclical influences now challenging. The Fab Five Tape Component has dropped from bullish to neutral, as has the broader Fab Five Model. Prospects for a recovery from consolidation are supported by improving sentiment and oversold conditions... ...but a bearish Tape Component reading would increase the chances of a correction or worse.

Ned Davis Research | NDR Hotline | Insights | 3X Weekly

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