you can do it sxy , page-12

Hi CEOChair, yes it is a (potential) breakout at 80 cents of a long term trading range, and the longer the trading range the greater the potential move upwards.

Whilst SXY has hit the 80 cent mark or thereabouts a number of times since May 2012, the fundamental story is clearly much better now than at any point in the past so I have to suspect that this breakout has a higher probability of going on with it.

I also look at other companies in this space like BPT, DLS, STO etc and the sentiment in this sector for other clues.

Still, there may be some shuffling/retesting before the next meaningful move upwards gets underway. That's the technical aspect for you.