$FI - Watching the 64.18 level

Been keeping an eye on $FI for a bit now. We saw it tag 64.18 today, which has been a pretty solid resistance point on the daily chart over the past week or so. It's not a hard ceiling, but it has repeatedly rejected attempts to push higher. Each time it gets there, it pulls back.

What I'm looking for is a convincing break above that 64.18 level. I'd want to see sustained price action above it, not just a quick wick that gets immediately sold off. A close above 64.18, ideally on increased volume, would definitely change the short-term picture. If it does break, the next logical area of interest for me would be closer to the 66-67 range, which marked some prior support that turned resistance earlier in the year.

Conversely, if we see another rejection from this level and a break down below today's low of 62.67, then the short-term bullish thesis for a breakout gets invalidated pretty quickly. At that point, I'd expect it to retest the prior support around the low 60s, maybe even the 59 area. It's a key spot; either it breaks out and runs, or it fails again and consolidates lower. Just my take, obviously market can do whatever it wants.