Will The Technical Factors Dominate Price Action

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Will The Technical Factors Dominate Price Action
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Commenting on today’s price action trading Gorilla Trades strategist Ken Berman said:

The current three-day winning streak could mean that the worst of the pullback is behind us, especially since today’s rally ‘lifted all boats’ again. Two ‘bullish thrust’ days, meaning that a large majority of stocks closes in the green, in a row usually indicate that an important bottom has formed, and with the positive long-term trend in mind, today’s price action has to be an encouraging sign for bulls.

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