Furthermore, there was a false breakout from the bearish rising wedge. This is a similar pattern to what occurred in April when everyone expected the rising wedge to break south, but instead broke north.
Is it possible we still break south from here? Sure. However, I would err on the side of caution and wait for confirmation before going short at this level.
From what I am seeing, this rally is destined to 7k-ish. And with 6.8 now weakened, it is certainly possible to hit the target leading into the weekend.