FTSE250 Closes Above 200MA First Time Since Jan '22

While America was on holidays for Thanksgiving, the mid cap index popped a close above the 200MA for the first time since 12 Jan 22: it did retreat off its intraday highs which were a double top to the recent 11/11/22 highs and into resistance but this MAY prove significant.
What is lacking is the support of an RSI which is showing divergence, on the bull side, this often happens into significant overhead resistance, on the bear side, volumes are lighter and we didn’t clear and close above that Nov high. It is encouraging and sets a clear level to watch, should we clear this with conviction then it is bullish the whole market and likely a rally to year end. If it fails we await the next move which may well be lower although consolidation and further tests are another possible outcome before then moving higher.