It certainly looked like a breakout, at least for today, but it would have been more convincing if the volumes had not remained thin. As such it looked like a short squeeze engineered by the wiseguys ahead of the FOMC meeting.
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“I know there is a God — I see the storm coming and I see His hand in it — If He has a place for me then I am ready.”
John F. Kennedy, scrawled on a prayer breakfast program, NYT, May 15, 1964