Confirming the breakout?

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We've now broke through the down trend and have 3 days of confirmation. The RSI is looking good at 55 and climbing and the MACD is showing signs of strength. I'm assuming we will pull back again close to the down trend line and hopefully bounce hard after that. I originally thought this bear trend would take us back around the 5900 range but i think theres to much $ on the sidelines waiting to get in.