Bullish scenario would be a push up strongly through 6700 towards 6850-7k. Bearish would a break of the strong support slopes and zones...opening up the doors for possible 4k fall, with minor stopping points. Not prediction of price if breaking downwards. Watching this to analyze as price movements play out
Comment:
100 Day EMA has become weekly support since the 26day EMA crossover with the 50day MA. Red and yellow converging closing positive support slopes through the year. The late July double top rejection of 8400 gave the 50day Moving average dominate Resistance, with the 26 ema as another strong resistance. Primary resistance level to break is the 6840-6850 range in order to sway momentum. Weekly indicators are running flat with Bears advantage. Volume levels indicate a break is on the way. I'm Neutral with bearish tilt.