The market has finally taken off for its seasonal run. With the channel broke.

Many use consolidations as a support and resistance. I use them to help identify what a pattern will be.

This should be an corrective wave with all the fractals or consolidationns going up or were created on the way down.

The first four bars where the trend line angles up from appears as a gann pattern--often an -a-b- pattern in wave labeling.

So the lline drawn should just be broken with the larger -B- wave later. The analyst will need to find a wave four or two to draw a line off of to get out of the market here or identify where the wave will reverse to go back to this line.

First significant resistance is around 122.