If I zoom the picture up a bit, I would expect, (in the usual pattern), that the red upper line would be back tested to confirm it as resistance. The logical spot to platform a rally would be the purple median line, probably working price into the triangle (red upper and purple ML) to build energy for the break. Of course if that fails, it could offer a very nice 50 point short, but I will wait and see what plays and work the stop behind my current position for the moment.
