- trend is down on daily charts
- we had 4 consecutive weeks of higher high and higher low
- last week's bar was 8%
- this week opening was 4% down
- this week ended with 6% in negative
- lower high lower low formed
- very strong swing high formed around 9900-10000
- we have support around 9000
- this also happens to be 2015 and 2016 swing high
- once this breaks, new lows possible
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOMuKhGV2SygYkU3dwfLg2t6j6al5E2sDk1nz_ZlvP8hpDzlGY86ULxJ3cfPPokO3zrXpAyjt5ET0UOUqMj5tkSByBorlp0fqrCOKZaqBlNx1ZsIZtszkuX48yfSH-yD6OMR2_v_kB23yn/s640/a.png)
- we had 4 consecutive weeks of higher high and higher low
- last week's bar was 8%
- this week opening was 4% down
- this week ended with 6% in negative
- lower high lower low formed
- very strong swing high formed around 9900-10000
- we have support around 9000
- this also happens to be 2015 and 2016 swing high
- once this breaks, new lows possible
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOMuKhGV2SygYkU3dwfLg2t6j6al5E2sDk1nz_ZlvP8hpDzlGY86ULxJ3cfPPokO3zrXpAyjt5ET0UOUqMj5tkSByBorlp0fqrCOKZaqBlNx1ZsIZtszkuX48yfSH-yD6OMR2_v_kB23yn/s640/a.png)
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