Globe editors have posted this research report with permission of Phases & Cycles Inc. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:
In sum, the markets remain in a corrective phase with a downside risk of about 3-5%. The markets need to become truly oversold to exhaust selling pressure. Then a summer rally to new bull market highs should unfold.
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