1. A sustained breakout would signal a trend shift, opening the path to next resistance around 117.30.

2. Nasdaq support at its former breakout point of 4,082.

3. On a breakout, its next test matches the June peak of 18,016.

4. Its first significant support rests at its breakout point, the August peak of 3,694.

5. This is followed by the breakout point, around 2,117.

6. Again, first support rests at its breakout point, the September peak of 2,019.

7. They will know within a week of launch if one is a breakout hit.

8. Technically, the breakout point matches gap support, spanning from 121.40 to 122.34.

9. This area matches its breakout point, and a violation would raise a caution flag.

10. A breakout attempt is in play barring a violation of gap support, circa 115.80.

11. What is important after a breakout is measuring the validity of the breakout.

12. To the extent the Dow holds tightly to the July peak, the chances of a breakout improve.