First thing I see Is the that I've posted about before on the and on the . This essentially looks like the inverse of the divergence that was clearly visible on the apex of the bull market back in December.
The anemic is starting to show some strength. The 20 day moving average is starting to rise. This is very encouraging from a bull's perspective.
I see a few scenarios. The is heading into the overbought range, pointing to a pull-back... I'm looking at the previous resistance at 6300-6400. This would be a set-up for a reverse ... .
Next most likely to me looks like a continuing rally to 6800 which is the previous resistance from the week of 6/20 or the previous support at 7050 from 5/28.
I'm becoming very encouraged that the sleeping giant is starting to awaken.