How has the tariff affected SSEC?

In my last update on China market in SSEC reversing SO SOON? I believed that while many set up indicated an uptrend, we should be seeing a congestive correction instead of a continuation. This was mainly due to a VERY LONG downward bar. 

Indeed, it went into a congestive state even though with lower highs and lows. However, it also the trends overlapping each other. Apparently, other than the initial market shock, subsequent increment in US tariff on China was damped. 

Looking at the chart, it does bring some challenges for me to do a read on SSEC, because there are signal conflicts. Anyway, here it goes.

Fig 1. SSEC weekly chart

Since my last read, SSEC made an attempt to cover the gap, and it did. If based on what my teacher taught, it is not a good sign as it shown weakness.

What's interesting is that it is stopped by 55-, 89-, and 144-week moving average, leaving a long tail and a weak hammer bar pattern. While moving upward, it is much weaker with short bars until it is now resisted by it s8- and 21-weeek moving averages.

There is no divergence on MACD at this point of time. I feel that SSEC is not yet ready to reverse, it is more likely to move upward but continue to congest.

Should it be reversing down from here on, I see support levels between2,922 to 2,985. Crossing this however, the next support level will be 2,816 to 2,842.

On the upside on the other hand, I see Bollinger envelop resistance of 3,447. It will also be further resisted by its 61.8% projection of 3,561.