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  • Little motion and no new tactical information [yesterday]. Market is still consolidating and still in breakout mode: expect sharp continuation once the consolidation is decisively broken.
  • The edge is still for an upside breakout. Intraday, selloffs are bought with conviction. Though the probabilities tilt toward the upside, respect the potential for a selloff. A breakdown could lead to a sharp and vicious 2-3 day shakeout that could offer good opportunity to nimble short-term traders.