Backtesting last week's breakout in somewhat dramatic fashion as the volatility indicator breaks out to the upside. Hold in the 50 dma for now. Any further weakness would nullify last week's break out.
Volatility beginning to increase, forecasting a strong move out of this rounded top consolidation very soon.
Price breaking out of the lateral range today. Will need to follow through or could see a quick reversal from a failed move given that volatility looks to be turning higher.