American Express $AXP has been in consolidation mode since the start of the year when price found resistance just above $102. AXP Daily Chart(click to enlarge)Bullish Signs:- As price consolidated, there were some signs that bulls are still in charge.- Price held above the 200-day simple moving average as well as a rising trendline.- Price respected a previous resistance pivot as support.- The overall structure is an ascending triangle, which has a subtle bullish bias as well. - After the most recent test and rejection around $102-$103, price did not fall all the way back down to the rising trendline.- Instead, price held above the cluster of 200-, 100-, and 50-day SMAs. Not only did the market maintain a bullish bias, it is showing a possible shift from consolidation to a bullish continuation attempt.- It looks like AXP is poised to break above $103 and into new highs.