Breakout

Click on chart at left to enlarge.

The market finally broke out of the bull flag with conviction on XMAS eve. Next stop is probably 1150 - 1160.

Note the inverted head and shoulders pattern on the stochastics. Both fast and slow stochastic lines are above 80 and the bullish cross is confirmed by the MACD. Additionally, the stochastics never reached below 20. SPX, DJX, COMP, and RUT closed at the highs of the week. We are going higher. Our site is http://www.tradingparadise.com/ we do free premarket, trading

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