technical analysis help please, page-8

What happened to the capping theory guys?

I think that theory is now dead in the water after today.

A seller or sellers has been taking profits for quite a few days now and must be nearly finished.

And yes the gap has been filled which is good.

And yes the SP pulled back about 15% in june/july as it started its climb up.

So i reckon 77 cents might see the low on this pullback.

Its all healthy price action as nothing goes up vertical.