Today there was a big sell off which seems to be heading to a breaking point of 3400 either up or down, the next support level is around 3215 which would indicate a new channel in which it will move and would probably happen then is a slow recovery towards the 3400 resistance. It the 3400 level is successfully defended it might go up testing what believe is the 3700 resistance at the moment any move further that will create a new level and possibly a very good recovery. We will see what happens next.