The 'fuel is there to blow the top off' the stock market. Here's what's missing.

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The ingredients are in place for the launch of a new bull market, says a top Wall Street technician. But there's no guarantee.

The ingredients are in place for an explosive U.S. stock-market rally, but recent price action leaves room for doubt about whether the bears have been vanquished, a closely followed Wall Street technical analyst argued Thursday.

A bearish wedge is marked by a contracting range of prices combined with a downward overall move in prices over time. A bullish wedge sees an upward move in prices over time. He identified the next resistance cluster after that in the 4,300 area, which marks the high from August and a 61.8% Fibonacci retracement of the bear market.

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مصر أحدث الأخبار, مصر عناوين