My last has started to play out pretty well and coincides with where this falling wedge will either breakdown or breakout. I personally favor the downside, but anything is possible. For now, I expect a bounce to ~8200 before going back down and testing ~7400. Depending what happens there, we could be going back to recent highs, or falling down the sitars to the ~6000 area.
Comment:
So far so good. I figured we'd see some sideways going into the weekend / Saturday. Sets up the upside target as predicted ~8200 at which point I will be flipping, as long as the weekly doesn't close above 8200. We may spiked to the 8250 range but I expect a rejection before the close.