It sure does scare me to see such a well formed chart pattern unfolding before the eyes...
- A rejection from 8900 definitely means a drop to the 7700s support area
- A close above 8900 could mean a retouch of 9000, 9200 and 9500 possibly
Overall i would be careful and not play longs on this for fear of a fake out above.
Regards,
GOL D ROGER