Zeev, I know you're playing a fractal, but the 60-minute chart has already cycled back up with little movement up in the indices. That's bearish. The structure of the consolidation off the high suggests a bear flag, and the 60-minute TRINQ has bottomed and is ready to reverse up.
I guess what I'm saying is there is a lot here that suggests the upside off the drop may be over, and we may have another leg down coming up.