After more than 10 sessions in a price channel that I have described as the death zone, we have broken out to the upside in the S&P 500 futures market. Volume wasn't impressive being right at the 50 day moving average, but we are now at price levels unseen in 5 years. The move was confirmed by the broad market and new highs all around for stocks and commodities. The latest price action has been orderly with new buyers participating in the move. Our trade will be a buy on a retracement as close to support as we can get filled. CAUTION - should support get quickly taken out at 1315 price level, we will be patient until support is established befor entry and a suiteble pattern presents itself.