Rally looks underway; BMY likely should stabilize and bounce

The year-end rally looks to be underway, and I expect this bounce to unfold technically as a three-wave pattern into early January.  The key resistance for this move initially lies near 3942-50, but this could very well be exceeded up to 3975 or even 4000-5 before stalling out as 2023 gets underway.  Only if 4100 is exceeded would one start to question whether pullbacks into Spring could lead back to new lows, and for now, bounces are thought to f...

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