Last session the market closed aggressively near it’s highs, this strong bullish close is pressing right up against the resistance level, so this session we should see if the level is able to maintain its characteristics as resistance or the market strength continues as a breakout occurs.
If the level does hold, we will be looking out for strong bearish price action signals, otherwise if a breakout occurs and the market is driven into higher prices, the best course of action is to wait for the market to retest the breakout level as support and drop a bullish price action signal that we can use to position in long inline with the bullish momentum.