this is how im drawing the long term picture
weve had a very impulsive move up from the corona lows, and were now experiencing the correction that everyone knew was coming. now that everyone 'knows' were in hot water and is wondering how hot it can get panic selling should lead to volatility drying up. we may just get that impulsive move back up from here.
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now that cash has essentially closed the gap we may bounce off of 11900
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11960 is where that TRAMA is hanging out right now. thats a level to break for bulls.
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if we dont close over 11850, hourly is headed for oversold rsi and the index is probably making new lows soon
