Hi all. I'm bearish today, but have no specific prediction. We're in another range. At 4hr timeframe the latest bull run looks like a wave 5 of the move from 11/09/12. After that, chop.
My top for this bull move was 5914, but it doesn't have to go there exactly.
5933 worked well because I confirmed the prediction with the price action in March. Then 5933 was about the price where support turned to resistance. I knew there would be some resistance when we returned to this price.
The equivalent for this bullish move was the price action between 16:00 and 20:00 on Friday. E.g 5 min chart. Support appeared to turn to resistance about 5913.5. However, there is an exposed gap at 5911.5, and often price reverses at gaps, which it appears to have done this morning.