The Dow Jones broke out of its ascending triangle this morning. I went long at 27,562. Stop was placed at 27,260. Target is 31,500.
The pattern has been forming for six months and the break out coincides with an all time high. It doesn’t get more bullish than this.
It also looks to be completing a running wedge on the weekly chart.
Currently, I have open positions in the SP500, NASDAQ and DJIA. I am still waiting for the Russell 2000 to break out.