Over the last 19 days we've spent three quarters of our time at or above 11300. 7 Day VWMA has been above 11300 for 5 days.
All dips have so far rebounded back to 11300. Perhaps we have a new floor. Possibly the past few days have been an anomaly while the market adjusts to this.
Just maybe we are long from a new 5 figure base.