We just bottomed out perfectly on the lower at approximately 9750. The overall trend is still , however and are signally close to overbought and so we can expect a small bounce to upper resistance. There is multiple higher resistance at 10850 (bottom of triangle), 11000 (steep downwards ), and 11400 (middle channel upper range).
scenario: Only a break above 11400 will give strength to the bulls for a run to 12000. A break above this could yield a further run to 13500. I think this is less likely than the overall downwards trend.
scenario: Short between 11000 and 11400 (top of middle channel) with a stop loss of 12800. Target = 9500 (bottom of middle channel).