I've been racking my brain trying to get a feel for these indices after their panic dump mid-late Friday and decided to pull up an old favorite indicator to see what it was saying. Snow City has put a ton of work into this indicator and has the aesthetics looking absolutely gorgeous in its current incarnation. It happens to absolutely nail some important support and resistance levels as well. If you want a more advanced version of Ichimoku this is the toy to use. Also check out his Quant RSI which is a candle-ized version of RSI and provides some really cool signals if you know your candles. And no, i'm not a paid shill, just know the guy and appreciate the work he's put in. check it out
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btw, the bulls fought back HARD on these indices dumps, which makes me think they were corrective as opposed to rejective