True Strength Index (TSI) perspective on the SP-500

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On one side of the technical analysis coin, we see that the SP-500 has made an impressive head and shoulders patterns with price closing just below the neckline of the pattern.
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But there is another side of the technical analysis coin. It says things are not as likely to go to hell in a hand basket as it appears (well, at least not indefinitely).
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It turns out that today's price performance pushed the red panic button with the best of them - for the past 10 years - accomplishing an incredible -0.72 reading on the True Strength Index (TSI) (7,4) indicator setting.
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Have a look at this chart and you'll probably agree it is likely the low is either NOW in, or going to be in the next week or two.  After that, well, odds favor that price goes higher again, of course.
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If only this were an easy business to figure out.
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God help us all.