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the market looks to be trying to break out heres what you need to know before the belt over the last few days weve been talking about this consolidation and this compression of prices in the markets and noted that this downtrend line that goes all the way back to the beginning of last year was kind of that critical juncture that the market needed to get over in order to potentially have a more bullish near-term view of course that declining trend line is also being met by this Rising trend line of lows from the bottom of the market in October of last year so this compression of prices was the one thing that we were really watching here very closely and that also coincided with this idea of an inverse kind of Head and Shoulders bottoming pattern that we have going on currently and again the markets were all kind of set here very bullishly to try to move higher and this has really been kind of going in the face of the conventional wisdom that everythings bad this year were going to