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Merrill's Bartels: Improvement in Volume Intensity Model in Oversold Rally is Key

From her weekly Monday technical analysis report, BAS-ML's Mary Bartels notes that "Near term, the markets can rally 3-5%, but risk is rising for a deeper correction later in the year."  I think the key point in the report: "Should the US equity market mount an oversold recovery, an improvement in the Volume Intensity Model is key to sustaining an advance....This is a positive reading for VIGOR and suggests that any pullbacks are likely to remain just corrections within a larger uptrend."