I am showing CME at 7 month support, the next couple of days determine direction, especially if there is any volume on the move. For bulls I think the best tell is a strong intraday down move and recovery with a green close on high volume for the day -support held. For bears, a decisive down day on volume.

My read is a breakdown, because the market seems ready to break down and CME ought to follow. The CME daily and weekly indicators are bearish.

However this is not a bad entry point for risk taking longs because the breakdown should be obvious and thus the stop set tight and down side small, but if support holds then up we go.

My 2 cents just trying to read the charts.
I do not hold a position, and am not buying here.
Happy trading!