Well, it is normal for trends to retrace, it makes for a healthy chart. So far the "All Ordinaries" is only down a touch over 12.5% (6961.00) off the high. The next retracement level is 25% (5,967.00) off the high. My view is we will have an "inside day" tomorrow i.e. the "Open" and "Close" will be inside the previous day. They call it a "Harami" in "Candle Sticks" and would be a "Bullish" signal.
My portfolio took a beating today, for the first time BUT I have been expecting it. I bought into this market with the view I would make money by Q4 2023 and I would know if I was right by Q4 2022.
Crunch time is here.
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