After a tentative start to the trading day, the XJO finally...

After a tentative start to the trading day, the XJO finally closed modestly higher.
Volume increased, but was not particularly strong (a little below average overall).
Selling pressure (supply) continues to be moderate.
Price did eventually push above the minor resistance line @5883.3  and appears headed up to the next level above (@ ~5950).
Apart from a couple of questionable trading days (which subsequently turned out to be pretty innocent), since the  26th October - supply has generally eased, and demand has generally increased, which is a positive.
Finally, while I am not a 'big fan' of geometric patterns, it does appear like the market may be building an "inverse head and shoulders" right now, which is potentially bullish.  It just needs a right shoulder to be completed, and then a break of the neck to be in play.......


cheers