Watching Y closely around 847.79, potential breakdown or rebound point

Hey everyone, been watching $Y pretty closely today and wanted to throw this out for discussion. It's sitting right at 847.79, which looks like a pretty critical level on the daily chart. I'm seeing a potential breakdown scenario if it pushes much lower, which could test the 840.50 area fairly quickly. On the flip side, a bounce here, perhaps on some buying interest into the close, could signify a decent rebound attempt.

The risk for me on any potential long scenario here is a decisive break below 847.60. If that happens, my entire premise for a rebound is invalidated, and I'd be looking at the downside. Just curious if anyone else is seeing similar action or has a different read on Y's current positioning.