The XJO closed higher on Wednesday, where price pushed above the...

The XJO closed higher on Wednesday, where price pushed above the line @~6150 on a further increase in volume.

OK, well that was pretty interesting...
Today's response suggests that yesterday's trading must have been the market happy to absorb the supply being drawn out.
The midbar close today shows that there was still some supply being drawn out (understandably).  That said, the close was above all the most recent trading, and the highest since the market pulled back from the pre-coronavirus highs in February - a potentially positive result.
While further supply may be drawn out at this level - 'and given a reasonable response to confirm tomorrow' - today's trading showed 'intent', and suggests an underlying desire in the local market to continue (grinding ??) higher.
Finally, if the market clears this level unscathed, the next more serious resistance level above appears to be around the ~6400 level


cheers

.