Chubb Limited $CB is probably in the middle of a bullish continuation swing after being in a bearish correction mode for the first half of the year. CB Daily Chart(click to enlarge)$140 is Key:- Looking at the daily chart, we can see that CB formed a double top mostly under $156 by February and then slid to $124.00 in June. - Price fell below and is still under the 200-day simple moving average (SMA). - Also there is a key pivot at $140. - A break above $140 will be key in a bullish continuation scenario because it would clear some key resistance factors.Building Bullish Momentum:- As we can see on the daily chart, the RSI pushed up above 70 and then came back down to 40. It held above 40, which suggests that the market is maintaining the bullish momentum since July. - Also, the fact that price was able bounce up from the 100-, and 50-day SMA suggests that bulls are indeed taking over. - While price is still under the key 200-day SMA and $140 pivot, price action and momentum suggests we will see a break above these resistance factors. - In fact, if we look at the weekly chart, price is still holding above the 200-week SMA, so there could be an argument that the long-term trend is intact and could be back in play. - A break above $140 would open up the highs around $156 with the prospect of going higher, in-line with the prevailing long-term uptrend.CB Weekly Chart(click to enlarge)