WHAT TO DO NOW:
If the SMI remains above the Purple line, consider buying DLTR or playing Option calls.
Wait for the Price to touch the Blue line.
Check if STOCH RSI crosses below the Green Dotted Line and touches the other side.
Wait until VCS shows one Green (or White in my case) candle.
After completing all the steps above, switch to the 15min or 30min timeframe to check for all four steps.
Re-entry:
If the SMI is still above the Purple line and either the RSI or VCS is oversold, consider taking a call option to the upside.