Gearing up for a breakout?

Looks like the NASDAQ is getting ready for a breakout to ATH's soon. The Bulls are attempting to push higher and it seems clear that around 7500 is a short term resistance point. But after an uncertain day yesterday it looks promising at this present time. We will have to see how the day ends, and if we stay above the yellow channel. Looks like we could form an Ascending Triangle pattern, which would lead to a breakout target of around 7800.