Todays close marks the 6th straight close of the current up trend that was established on April 3rd. Additionally, we have volume confirmation with 3 of the last 5 trading days higher than average volume (over the prior 10 trading days). Similar situation with the volatility trend, as it turned yellow on April 3rd, and has remained yellow as of todays close, which means that we are in a sideways to neutral up trend with lower volatlity than we had seen prior.
It will be interesting to see if we can push through the 285.54 top side resistance area, or over what time period. We may get some rotation here at this level with a time correction to the lower trend line is a possiblity before moving higher.
Happy Trading!