2/27/08: S&P 500 Symmetrical Triangle
The S&P 500 index
Price has closed outside the symmetrical triangle upper , point A, signaling a breakout. I did not connect the low at B because I like the being closer to the two minor lows, but it doesn’t matter much.
The Dow Industrials also show an upward breakout from a symmetrical triangle. The Nasdaq, however, is still mired within its symmetrical triangle.