Fantastic strawman, but sounds like people you shouldn't be listening to, much less spending time replying to. Like, is this just bait? Most of the bearish cases I've seen point to somewhere between 330 and 290 as a potential bottom with a much greater likelihood than something absurd like 80. Those usually are expecting it sometime during the summer trading lull, with gradual recovery either in Q4 or later this year (although the recession has been 6 months away for the last 3 years).
FWIW there are RSI available that allow multi-timeframe, I prefer 14 + 21 for more resolution.
FWIW there are RSI available that allow multi-timeframe, I prefer 14 + 21 for more resolution.