The index has broken above both the 1D MA50 and MA200 this week and 1D turned bullish (RSI = 57.795, MACD = 3.690, Highs/Lows = 85.3366) towards the 7,440 Resistance. It appears to be repeating the April - July sequence, currently being at the start of the final (and most aggressive) bullish leg. The obvious short term target is the 7,440 Resistance but in our opinion, and with the 1D RSI potential, if the 1D candle that breaks the Resistance closes above that level, we can extend the uptrend as high as 7,620.
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Account RECOVERY services.
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