Enter SPDR Russell/Nomura Small Cap Japan (JSC:NYSEArca). The breakout line at 53 is being breached. Check out the monthly candle chart.

jsc_m

The 5 year weekly candle chart clearly shows the consolidation rectangle classical chart pattern.

jsc_w

The zoom in on the daily candle 1 year chart shows the price action breaking out.

jsc_d

Good bullish showing for JSC. I’ll come back to this at the end of the month. Hopefully the candle close will be above the breakout line giving me a target of 60.50.