Weakness played out last week and market was supported at about 24587, this is the 50% of the Feb 2016 - Jan 2018 uptrend. If there is a breakdown and this becomes resistance, market would see more down side.
The last up move from 20 Aug - 08 Sep took more days and volume than the one before it while we see more ease of downward movement.
Weekly: Wide spread down bar closing off low net change from previous down bar is narrow = some demand Daily: Up bar closing off high = weakness H3: The last wide spread UHV up bar is SOW. Market exited down channel. Will its demand line become resistance or will price attempt to re-enter the channel?
Strategy for Short (Test and Reject) Strategy for Long (Test and Support) Entry will be based off the price reaction to these levels: