A third consecutive net monthly gain, having printed a new hist’ high of 6427. Monthly momentum ticked upward. Another settlement above the key 10MA (5925), as the m/t trend has to be seen as bullish. Whilst the July candle is spiky from around the upper bollinger, I’d be open to another 1-3% of upside ahead of Labor day.
Basic target in a correction will be the 5800s, as look realistic within October.
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