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Possible attempt to break out of this confinement today. Look a break/bait past last week's highs, if we get hot 509.8x (maybe a fudge more) is possible. Also keep in mind we may in a small bear market and this could be a countertrend rally. They really get volatile and offer great oppurtunities.
Hold both views in mind until the market decides where its going. Stay nimble. This week is a 2u, but we still have bearish timeframe continuity.