We broke the 5DMA and as expected we are right on the 10.1K . I raised the from 10K to 10150 at it seems more accurate.
We still have an increasing (from 2/6 6K level) but I expect this indicator to start heading down indicating a momentum again.
I don't see a long term rebound and a return to the uptrend movement as we just had a very strong pullback.
Instead, we could see a short rebound to 10.5K (very unsure about the rebound as we could also go down again from the current level) which could offer us a good opportunity for a quick short below 10K. I wouldn't short right now after the huge pullback as it'll be a very risky trade. Instead I would wait for a rebound and a confirmation for the short at 9990. This way we could have a stop loss for the short at 10100 with a target of 9400.
Not to mention that we now have a nice .