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Post# of 46542
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algol

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algol

Re: jxyzobrien post# 34543

Friday, 07/22/2016 12:18:35 PM

Friday, July 22, 2016 12:18:35 PM

Post# of 46542
For impatient traders this is worst possible setup to trade, where each day reverses the previous day just to stay in range. IMHO, there will be some exuberance on Mon for a fake breakout to the upside, which will be sold off. Eventually, there will be a true breakout of this trading range to the downside after the FOMC statement on Wed. This is how I see it.
Happy trading everyone, and have a good weekend!
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