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Chris Ciovacco: Stocks pause after eight weeks of gains

Chris Ciovacco: Stocks pause after eight weeks of gains
Stocks may face pause after rally

Chris Ciovacco questions whether stocks may be losing momentum following eight consecutive weeks of gains.

The analysis includes charts and studies that explore the possibility that the market could be entering a period of consolidation or facing resistance after a notable rally.

Ciovacco previously examined whether the tech sector rally was just beginning or had gone too far. He also noted Treasuries IEF testing the upper end of a key support zone. The recent analysis builds on his ongoing tracking of market turning points.

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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