The Brains Trust-2019, page-103

Perhaps, in a similar way to the US markets, the XJO is coming to the point where we may see make or break.
6000 is a point where our market has, well, tapped out when you really don't want it to - 2008, 2015, 2017

Then again, it got through twice in 2007, again in 2017 and 2018.

Whatever it does will be coming up soon - unless it goes into a sideways grind.

XJO Weekly Chart (there are many other forks and strange lines that I've taken off for this simple visual) but this L-term one has a long history of being magnetic.