Now that we are above resistance, are we now about to conceptualization previous resistance as support? It's hard to say given the crazy amount of volatility around Brexit which will be coming if Parliament fails to pass legislation, or if US-China trade war is still on which is trending back in that direction, or if the Fed realizes that they want to actually cut...
Volatility is decreasing as the trend upwards slows down. I think there is large potential to the upside as the US-China trade war comes to a detente. However, many resistance levels remain in the way before that can happen. On the other hand, the index quite easily blew past previous levels of resistance with no problems. Want to see more talk towards trade war...