Summary
A net June decline of -80pts (1.1%), but that was from a new hist' high of 7620, and I have to see the month as net bullish. Monthly momentum ticked a little higher, and is on the moderately high side. Another monthly settlement above the 10MA (6985) as the m/t trend is unquestionably bullish. RSI 73s... overbought.
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Summary
A second consecutive monthly gain, having printed a new hist' high of 7599. Monthly momentum is increasingly positive. A monthly settlement above the key 10MA (6881), as the broader trend is unquestionably bullish.
The upper bollinger stands at 7505, and should adjust to around 7650 as of June 1st. RSI 75s is overbought, but that could remain the case into late summer. 8K looks realistic in August.
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Summary
A massive net monthly gain, having broken a new hist' high of 7219. The April candle is bullish engulfing, suggestive May will see at least some degree of further upside. Monthly momentum has turned back to positive. A monthly settlement above the key 10MA (6757).
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