Interesting set up appearing on the XJO charts. The red circles...

Interesting set up appearing on the XJO charts.

The red circles I highlight show where a breakout has occured, it's interesting to see the previous breakout had the same RSI as the current one, the previous one retested it's support line multiple times as you can see.

I wouldn't worry too much about falls this week as it will only be to retest its breakout which, once tested, will confirm the breakout. I expect once this happens we will see 4500. At which point I will be waiting for another retracement back to support which would be another good buying area.

Happy Trading...