The recent exceptional spike has pointed out resistance at 10.5k, and, coming below the strong resistance at 13.5k, it is a bearish indicator (in conventional analysis).
I don't know nuttin' 'bout no conventional analysis, so I'll just ask. Does conventional analysis really consider a positive overshoot spike the same as being rebuffed at a resistance level?
No. I would think a positive overshoot (to use that term ) would be making new highs , either above resistance, or ATH.