Maybe a bottom maybe a continuation pennant. We don't know. Maybe just sideways.
Best to let the market tell us what it wants to do.
Best to let the market tell us what it wants to do.
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Still range bound. Notice how close it follows the pennant. Also a breakout does not mean its decided which direction it wants to go. It could fake out a breakout. So the best idea I have is to wait for a retest of the most recent highs or lows to see its true direction. A retest of 674 if bearish and a retest of 757 if bullish.
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762