Technical Analysis-The 4 hour is turning up against 3/16/2020 low as the Daily correction has ended. 1 hour is turning up. However, while near-term bounces fail below 10988 high expect index to extend lower for few more lows before it finished correcting the cycle from 3/16/2020 low as a zigzag structure & resume the upside.
The 4 hour right side is up against 12883 low from 12/10/2019. The hourly right side is up while above 12942. While above there expect the index to extend higher toward the 14000-14250 area in the daily wave ((3)) before it corrects the cycle from the 8/15/19 lows.