Just took a minute to scope out a chart of the DJIA and it’s looking like we have a bullish pattern forming.

The uptrend started around March 9th and if you look forward to March 23rd the price actuall broke through the downward trend line.

There was a text book push up to resistance around 8000 then a move down to support on the previous down trend line.

From the looks of things now, it seems as though 8000 is a very strong level of resistance and has been the top of an ascending triangle.  Today we broke through and CLOSED above 8000.

Another nice move higher and it could be considered a breakout.  In that case it might be time to buy up some DDM which is the Proshares Ultra Dow 30 ETF.