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Is it the end of the trend as we know it?

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After recently breaking out from a roughly eight month trading range, the VanEck Rare Earth Metals ETF (REMX) looks to be setting up for a retest of the top of that range. A divergence of price and breadth can be an early sign of a weakening trend. So far, this breakout has failed to push breadth above 68% - could this be the end of the trend as we know it?

Ned Davis Research | Thematic | Trend Chart | Weekly

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