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WaveTech Intermediate Model falls 13 percent, Bob Kendall warns

WaveTech Intermediate Model falls 13 percent, Bob Kendall warns
WaveTech model drops 13 percent

The WaveTech Intermediate Model experienced a sharp 13 percent decline, breaking below the important 58 percent threshold.

According to Bob Kendall, as of March 6th, sectors are showing just 58.33 percent long across 14,186 symbols, and overall sentiment across all models remains weak.

These recent shifts in sector sentiment align with earlier observations of pivotal market dynamics, such as the emergence of a crude oil V-top pattern that signaled a potential turning point for equities. By drawing connections between these inflection points, the current downturn underscores the ongoing volatility affecting both commodity and equity markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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