This pattern looks nearly identical to last week. I'm a believer of patterns and this is nearly identical. If it mirrors last week, we can expect a retest of almost 7k followed by a rejection back to 6500, 6200, or lower. If this closes above 7k, then we could see higher prices. But given the current markets and lack of buyers, I don't expect the latter of the two outcomes to happen. Cash is still king for at least a few more months.