Made this chart today but decided to post after Technician confirmed the idea. It does resemble the previous price action at the resistance, and some indicators, though not that indicative on an index and weekly show there is some room to go below
Red resistance was taken out with a swoosh. but not out of the woods yet. Topping at the orange resistance may give an idea, but still a lot of reasons to go down from here even being within the new orange trend.