Yesterday, the price action rose up and re-tested resistance at 12,300, which correlates to $14 billion in .
However, that came and went in under 4 hours time.
Because the price action was unable to breach above resistance and form support, and technical indicators have moved into overbought territory, there is a likely chance that price action re-tests the support between 11,000 - 11,300.
Bearish: continues to decline and the price pulls back to support levels near 11,000.
Bullish: A divergence forms on smaller timeframes, or an unusually high amount of enters the market in a small period of time and the price tests 12,300 resistance again.
60% / 40%