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Lawrence’s Comment
Upside breakout. Clean sail to Y+3 normal breakout target. Did not stop there at all. Finished the run after tagged Y+5. Closed the week above Y+4 and midpoint.
Outlook
As usual retail traders are wrong. All kinds of opinions saying how bad the US economy is yet failed to recognize that the chart says breakout mode.
Normal breakout run gives us on average 200% previous week range. We got 300% this time. Consolidation likely around the closing price.
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