Summary
A net July decline of -9pts (0.1%). Monthly momentum ticked a little lower, and remains on the moderately high
side. Another monthly settlement above the 10MA (7065) as the m/t trend
is unquestionably bullish. RSI 72s... marginally overbought.
For more of the same... https://www.tradingsunset.com
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.
For more of the same... https://www.tradingsunset.com
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.
For more of the same... https://www.tradingsunset.com
