The four-hour trade determines the direction:

If it does not retreat, meaning a reversal of the bears, 760 will be easily broken.
If it retreats, meaning increased selling volume by the bears, a 5,000-point decline will begin.

People can be persistent, but never stubborn. In this market, never go all-in on long positions to the death, nor on short positions to the death. Just follow the trend with small moves.

Personally, I still lean toward increased selling volume at high levels.