Breakout?

We’ve got a breakout on the NASDAQ. It remains to be seen if it will be sustained. It’s getting late in the daily cycle, but a case can be made that this cycle should run long based on the short cycle that came before. The breakout is being tested this morning. If it holds stocks will probably rally into the start of earnings season. If not then we have a dip down into a DCL coming over the next 5-10 days.