With a new downtrend apparently established, is it perhaps time to update the poll question, from
Question: markets will overcome the resistance at 700 soon?
to something more like
Question: markets will establish a new base below the 600 level soon?
Bit early to call an "establishment of downtrend", no?
Just looking at the price action over the last 7 days, I see an upward support until March 13, and since then a reversal into a downtrend. But now as I look at it more, it does seem to be plateauing for the last 12 hours with light volume.
Seems to me though more likely to continue to break further down than further up in the short term.