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Intermediate-term overbought, but trend still leans bullish

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S270 gives an overbought sell signal. But, the Moving Average Model is still on a buy. There are still few new lows and the NYSE A/D line is at new record highs. There was a bullish breadth thrust from our Three-Day Price Thrust Indicator.

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

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