Get ready for a short-mid term rally soon

It looks today is a pretty good chance to build your long positions for the soon-to-come leg up starting after labor day weekend.  Market indexes look close to an upside breakout soon, for example, FTSE and CAC indexes have formed ascending triangles, crude oil (USO) formed ascending triangle as well.  Solar stock Trina (TSL) has is testing its low with low volume, if successful, will soon rally strong as it finishes a reverse head-and-shoulder bottom.

Trina Solar (TSL) and LDK Solar (LDK) chart update

LDK and TSL both are selling off today, TSL is sitting on 50% retracement level of July-Dec rally, LDK is sitting on 62.8% retracement level of July-Dec rally.  The sell-off recently was sparked by Italy's withdrawing subsidy impacting the industry's fundamentals.  Are investors over-reacting?  Are the worst news already priced in?  If these levels will hold, then yes, otherwise no, we will find out in next few days.

TSL

LDK