After this mornings down turn I figured I would give my input. Currently the MA ribbons have not crossed that would be quite the indicator that the bears are in control. There is a chance of a upturn but not until we hit 6800. The 6800 range is a historically high volume trading range. Something we haven't seen in the 7200+ range. On the 4h chart we can clearly see Ichi support at 6800-6600 along with a fibinachi retracement matching the ichi cloud at .618. This downward move seems extremely likely now that the fallen wedge has broken up. If 6800 is not defended we will be heading to 5800. That support level has been tested many times and might show weakness this time around. Until we hit these levels I don't see much of a upside in this 6900-7000 range.