Many of the major market stock indexes are looking like they are about to break out from their triangulating patterns. The S&P500 has another buy/sell pattern breakout. The hourly chart has broken to the upside, but the 240 and daily have not, so they could still go either way. However, since the 60-minute is already started, the odds tilt to the upside.
Since time is of the essence, use the charts' red horizontal manually drawn lines for your buy, breakeven point and profit targets 1 and 2. I recommend placing both buy and sell breakout orders, since if one side is a fake-out, the other side usually wins, which gives you a very low risk trading opportunity today. USE GTC orders and cancel if not filled in 3 days (not likely).
The weekly, daily, 240-minute and hourly S&P charts are provided below.
The daily chart for the NASDAQ index is also provided below.
The Aussie and HK index appear in their topping stages over the next few sessions for this leg up (see both charts below).
EURAUD: had a super nice breakout to the upside. Hope you profited from it. This currency pair hit all of our profit targets on the long position from the daily charts, and it looks now as if the resistance at the first long-term Andrews Upper Pitchfork resistance line appears to be holding. We now have a 60-minute triangle pattern sell (and potential buy) breakout signal in the works. Place both orders below in case either or does not occur: