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Forgive the squiggly lines.Two other charts worth keeping an eye on are the head and shoulder pattern on the daily chart. As you can see we closed almost on the neckline. This pattern was formed under extreme volatility which leads me to believe it is a valid pattern it will reach itís intended target just under 260 if it confirms.
The second chart is the apparent bull flag that has developed on the weekly. While we may find initially some resistance when testing the upper boundary line . A breakout would confirm new highs.
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