-Bounces off strong at 200D MA dynamic support -Since it manages to get above the 1500 area -New Key support is now established at around 1587-1600 range -This new level of support must hold in the short term -To potentially continue higher and break the downward resistance line -I'm expecting a few weeks of consolidation -If the descending trendline will stand as a strong barrier -And if you are a breakout trader style -You want to enter only after the trendline break -Trade wisely and always follow your Plan