Target hit. Possible short term consolidation. Short overall.

TP = 6,855 hit as the new bearish leg has been delivered and the 4H Channel Down (MACD = -222.700, Highs/Lows = -315.0176, B/BP = -660.0506) made a new Lower Low at 6,360.5. The chart (4H) is on oversold RSI = 24.655, STOCHRSI = 0.000, Williams = -82.242 and CCI = -220.4171, so I cannot dismiss the probability for consolidation. 1D though is a freefall with 10 out of the last 11 candles being red. The volume (+30K) can sustain a selling continuation. The 1D Head and Shoulders technically touches the neckline on July's 12th = 6,080.80 low and that is the end target for this week. Keep in mind that I stage my trades on the 1W chart and its clear Lower Highs and remember that the strategic plan is modeled after the 2014/2015 bearish cycle. The bottom is not priced yet.