A Bullish Sentiment!
This chart is going to attempt to predict the 200MA movements and its interaction with the price. However this is all theoretical and you should understand this is based on what I see in similar the markets. I see a reoccurring "M" pattern form. These "M's" obey the 200MA on 2 out of 3 attempts in most cases with some taking as many as 20 tries the brake up or down from under or above the 200MA. And in rarer cases it can blow right thru. If this is to play out trending off the 200MA and continues to work in a healthy manner off the 200MA. Support should show up in the 7200 range creating a higher low. In this case we could attempt another brake above the 200MA which will bring our full attempt cycle to 3. If we attempt and it brakes down we can assume that the forth attempt has better chance of braking thru. Assuming At this point the 200MA is above us us. We could find ourselves above 10K by June 25th with a short lived top. If this should play out in this fashion. The bullish sentiment is favored at the current price range. Good luck!
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