A very good analysis. I also wouldn't trust the red fork. The upper median line seems likely to be broken by another swing up any time soon. Why? The excursions to the down side are too small and too short-lived.
totally agree, no real conviction. looks like its restoring its energy for now though. bet there's a lot of people drewling on that 1000 mark as well. strange that I didn't see the base at 770 at the time, but I guess some of them just fly you by