Let's focus on the stock markets.
Above is the daily chart of Dow Jones Industrial Average index. After rising along the green channel for two months, the index just broke the channel and was moving higher. It also broke the 61.8%-fibs level which once stopped the index once in April 2010.
If the breakout confirms, which means it could stay above the green channel for 1-2 more days, then next resistant level would be at 11788, which is around 3.1% from now. However, MACD is quite high; therefore, momentum is relatively lower and the index might walk sideways for several days before giving us further signals.
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