Square Inc. $SQ was sharply bullish last week, and is now testing a key consolidation resistance around $83. SQ Daily Chart(click to enlarge)Consolidation Resistance:- As we can see on the daily chart, SQ has been falling and consolidating since October 2018. - At the end of last year, price was in bearish correction mode. But since falling to $50.25, price has been in a sideways consolidation mode.- As we entered the second half of the year, SQ appears to be bullish with price pushing above the cluster of moving averages and the RSI pushing above 70.- At this point, I think price will hold above $72.50. A break below $70 should not happen in this bullish scenario.- In other words if price retreats from the current resistance around $83, monitor for support around the $73-$75 area. Breakout Scenario:- If price does hold above $73-$75, then I would be even more confident of a bullish breakout above $83.- Regardless of whether price pulls back to $73-$75 first, a bullish breakout above $83 opens up the $100 handle around the 2018-highs. - Because the prevailing bullish trend is intact, a push to $100 suggests a very likely continuation above $100, though we might see some consolidation first around $100.