The rebound from 5-DMA coupled with the bullish 5-DMA and 10-DMA crossover and the daily MACD turning higher suggests the index is likely to test 7222 (weekly 5-MA).
A daily close above 7200 appears likely. That would confirm the pull back ended at the last week’s low of 7099 and would open doors for a re-test of record highs around 7350 levels.
A daily close above 7200 appears likely. That would confirm the pull back ended at the last week’s low of 7099 and would open doors for a re-test of record highs around 7350 levels.
