If you look at the chart, there is a clear bear flag formation. When you combine that with the blow off top and the cme futures gaps to be filled. This is going to be an easy ride down to 8.5k. Currently we see support and resistance provided by the EMA ribbons.
Note: new to trading, just figuring these patterns out, don't make trades using this.
Note: new to trading, just figuring these patterns out, don't make trades using this.
Note
its a bear trap!Note
bear flag still in play, these bulls are scary!Note
update: 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.