The XJO moved higher on Wednesday, where spread and volume...

The XJO moved higher on Wednesday, where spread and volume increased (without being excessive), and the close was strong.
There was no opportunity for any consolidation whatsoever today, the underlying market sentiment is just too strong right now.
Without much supply remaining within the resistance zone (after it was effectively cleaned out last Thursday), price pushed up to the top of the range with relative ease today.
I still expect that if/when the occasion presents, price will come back somewhat to consolidate - if only to engineer a further 'buy the offer' opportunity to accumulate.
The next higher potential resistance zone above is marked, and FWIW - it contains the first PnF target from the CV lows (6342).


cheers

.