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Research, Technical

Lowry Weekly Industry Group Commentary, November 16, 2023

Drew B. Wells, CMT, CIMA, Junior Technical Analyst

16 November 2023

Summary

In the current market, we have seen a positive development in demand and breadth this week. This is manifested by the first 90% upside day since January and a reduction in short-term negative divergences. As a result, green shoots have finally appeared in the market.

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