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LC – Nice analog. If I’m reading this correctly, the 1990 chart upside was capped at 25% 1st qtr expansion. Right now we are also at that level, but you are giving it room to 50% expansion?
The quarterly invalidation of the pattern is the 50% expansion mark.
However, if breadth turns bullish after S&P going sideway in Jun, it will be the early warning that the pattern is failing.
That’s what I want to ask, thanks minty