NYSE Composite Index (Weekly). Setting up for brake_out.

NYSE:NYA   NYSE Composite Index
98 6
Broad based Index, setting up for a potential brake_out above 11100 level.

Within 2011 Channel.
Hitting resistance at 2014 horizontal resistance.
Triangle break_out and retesting in process.
Within BB. Above 50 sma .
IMHO price is loitering under 2009 uptrend line, irregardless of how much break out NYA can make, i still have some reservation
rv jangseohee
Hi. sure. I just wanted to point out the potential that exists, at this overlooked, sometimes, broad based Index. Correction is possible, at this juncture.
+1 Reply
fingers crossed :-)
rv jangseohee
haha, not on this one. :) . just an indication for now.
rv rv
There is also, a similarity relative to the Euro Stoxx 50 Index, and/or a potential lag or just a currency match.
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