The Bulls still have a chance to put in Data Point #4 of this pattern in purple and resolve it to the upside, but they'd better look sharp about it or this simply could roll over and die. The MACD, for example, is up near the zero line and positioned to go up through it, but the NASDAQ has to rally soon, or the MACD will roll over and go below its signal line like it did in mid-November.
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