Heres what I have going on. -Two possible trend line supports; Red and Orange. -Falling Wedge (green). Look how it meets perfectly with trend line support. -300MA. This is where 6k bounced from. Repeat? Also lines up nicely with trend line support. Note that the 300MA has not been broken since we crossed bullish in 2015.
*My guess it that 7k will be the volume induced bounce we need to attempt another break at the red down trend line and begin the 2018 bull run.*
-Another little extra I added in: The white line is my self-determined uptrend channel/resistance. My theory is everything above that was unnecessary overextension from the Futures/ETF hype pump. Ignore everything above that and we are still following uptrend.