The 50 SMA is about to move up thhrough the 200 SMA on the three hour chart timeframe. The last time this happened was April 15th area. Possibly this momentum will get a boost here and you may see a good candle to the upside. However, I'm not overly confident about this rally. If we can push through 7000 it might have some legs... we'll see...
moving averages are lagging indicators not leading. It only suggests to us the average strength is growing bullish. april 15th was a result of a massive shorts squeeze and the cross on the 3hr was a lagging indicator showing us HOW much of that squeeze changed the average momentum.