Dislikedagree, but having a 150pip down move is more than a retrace to me... I can only say what PA shows me. If pa closes above 5480 and 5500, I'm inclined to say we will see 5550 and 5580 today. Now, price surprised most of us with a sstupendous down move, Now I've got to call shorts and look at possible low targets.
The thing is, we were close to a turnaround at 5500, I was thinking we would reach the critical levels of 5550 - 5580, it didnt turn out that way and now I'm calling what PA shows me.
This all depends of course on the ltl of daily...Ignored
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