Dow Jones Index 31-Jul-10 (Update on previous neutral)

Since the break-out (Orange circle) on 13-Jul, prices have stayed above the downtrend line (Orange line), forming an ascending triangle (Purple lines).

Looks likely to break out of the triangle. However, price movement have been accompanied by low volume recently. Any break out of the triangle (Up or Down) with high volume should be taken as a good signal of the direction of the index in future.